Regulation of derivatives transactions that are privately negotiated by professionals is unnecessary.
ALAN GREENSPANThis is the reason that history has not dealt kindly with the aftermath of protracted periods of low risk premiums.
More Alan Greenspan Quotes
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Derivatives have permitted the unbundling of financial risks.
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To succeed, you will soon learn, as I did, the importance of a solid foundation in the basics of education – literacy, both verbal and numerical, and communication skills.
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What an ideology is is a conceptual framework with the way people deal with reality.
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Capitalism is based on self-interest and self-esteem; it holds integrity and trustworthiness as cardinal virtues and makes them pay off in the marketplace, thus demanding that men survive by means of virtue, not vices.
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Since I’ve become a central banker, I’ve learned to mumble with great incoherence.
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The companies could hire the educated workers they need. And those workers would compete with high-income people, driving more income equality.
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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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Deficit spending is simply a scheme for the ‘hidden’ confiscation of wealth.
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Excessive optimism shows the seeds of its own reversal in the form of imbalances that tend to grow over time.
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Fiat money in extremis is accepted by nobody. Gold is always accepted.
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Revolutions are something you see only in retrospect.
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The very nature of finance is that it cannot be profitable unless it is significantly leveraged… and as long as there is debt, there can be failure and contagion.
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It is decidedly not true that “nice guys finish last,” as that highly original American baseball philosopher, Leo Durocher, was alleged to have said.
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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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They seem to sense… that gold and economic freedom are inseparable.
ALAN GREENSPAN