Deficit spending is simply a scheme for the confiscation of wealth.If I seem unduly clear to you, you must have misunderstood what I said.
ALAN GREENSPANWe can see that in the inverse relationship exhibited by price/earnings ratios and the rate of inflation in the past.
More Alan Greenspan Quotes
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Revolutions are something you see only in retrospect.
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Productivity is notoriously difficult to predict.
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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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The number one problem in today’s generation and economy is the lack of financial literacy.
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If you think you understand what I am saying you do not understand what I am saying.
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No one has ever eliminated any of that stuff.
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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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Well, you probably will always believe there should be laws against fraud, and I don’t think there is any need for a law against fraud.
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I don’t know where the stock market is going, but I will say this, that if it continues higher, this will do more to stimulate the economy than anything we’ve been talking about today or anything anybody else was talking about.
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I’m not denying that monopolies are terrible things, but I am denying that it is readily easy to resolve them through legislation of that nature.
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Deficit spending is simply a scheme for the ‘hidden’ confiscation of wealth.
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Regulation of derivatives transactions that are privately negotiated by professionals is unnecessary.
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…our market system depends critically on trust-trust in the word of our colleagues and trust in the word of those with whom we do business.
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Nor can private counterparties restrict supplies of gold, another commodity whose derivatives are often traded over-the-counter, where central banks stand ready to lease gold in increasing quantities should the price rise.
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It is regrettably the way human nature functions, whether we like it or not. What successful economies do is keep it to a minimum.
ALAN GREENSPAN






