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Greenspan on education and the economy

In a speech on 'The critical role of education in the nation's economy' given on 20 February, Alan Greenspan of the Federal Reserve said warned against resorting to "protectionist cures" to deal with job losses.

"The protectionist cures being advanced to address these hardships will make matters worse rather than better," Greenspan said in a speech to the Omaha, Neb., Chamber of Commerce. "Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs."

"There

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