I didn’t believe in absolutes, moral or otherwise. If I couldn’t prove a proposition with facts and figures, it was without merit.
ALAN GREENSPANWe will have more crises and none of them will look like this because no two crises have anything in common except human nature.
More Alan Greenspan Quotes
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Productivity is notoriously difficult to predict.
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I have one other issue I’d like to throw on the table. I hesitate to do it, but let me tell you some of the issues that are involved here.
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All taxes are a drag on economic growth. It’s only a question of degree.
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I made a mistake in presuming that the self-interests of organisations, specifically banks and others, were such that they were best capable of protecting their own shareholders and their equity in the firms.
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It’s hard to overemphasize how important Ford’s deregulation was. True, most of the benefits took years to unfold-rail freight rates, for example hardly budged at first.
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What we have found over the years in the marketplace is that derivatives have been an extraordinarily useful vehicle to transfer risk from those who shouldn’t be taking it to those who are willing to and are capable of doing so.
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As long as we issue fiat currency, I see no alternative to a legal tender law.
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The need for values is inbred. Their content is not.
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There are no easy choices. Easy choices are long gone.
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Senator, we are groping for understanding, the knowledge you assume I possess doesn’t exist’.
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Now, I only play very occasionally, and in fact, more piano than clarinet or sax.
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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 as central bankers need not be concerned if a collapsing financial asset bubble does not threaten to impair the real economy, its production, jobs and price stability.
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The tub helps me relax, and it’s a great place to read.
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This is the reason that history has not dealt kindly with the aftermath of protracted periods of low risk premiums.
ALAN GREENSPAN