The Iraq War is largely about oil.
ALAN GREENSPANCash is available and we should use that in larger amounts, as is necessary, to solve the problems of the stress of this.
More Alan Greenspan Quotes
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All taxes are a drag on economic growth. It’s only a question of degree.
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Gold stands in the way of this insidious process. It stands as a protector of property rights.
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I think that real pressure is going to occur not by the initiation by the Federal Reserve, but by the markets themselves.
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The use of a growing array of derivatives and the related application of more-sophisticated approaches to measuring and managing risk are key factors underpinning the greater resilience of our largest financial institutions…
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Some succeed for a time. But while there may occasionally be mis-configurations among market prices that allow abnormal returns, they do not persist.
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I’m always amazed that my wife can handle different subjects – one day politics, the next day foreign policy.
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Before I met Ayn Rand, I was a logical positivist, and accordingly,
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The worst have failed; investors no longer fund them and are not likely to in the future.
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It’s a bubble. It has to have intrinsic value. You have to really stretch your imagination to infer what the intrinsic value of Bitcoin is. I haven’t been able to do it. Maybe somebody else can.
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We need, in effect, to make the phantom ‘lock-boxes’ around the trust fund real.
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If all currencies are moving up or down together, the question is: relative to what? Gold is the canary in the coal mine.
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Regulation – which is based on force and fear – undermines the moral base of business dealings. It becomes cheaper to bribe a building inspector than to meet his standards of construction. Protection of the consumer by regulation is thus illusory.
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If you get beyond the political rhetoric [and assembled a group to solve Social Security] it would take them 15 minutes. It would take them 15 minutes only because 10 minutes was used for pleasantries.
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But rules cannot substitute for character.
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Any onset of increased investor caution elevates risk premiums and, as a consequence, lowers asset values and promotes the liquidation of the debt that supported higher asset prices.
ALAN GREENSPAN