Remember what we’re looking at. Gold is a currency. It is still, by all evidence, a premier currency, that no fiat currency, including the dollar, can match.
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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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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The Iraq War is largely about oil.
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If we are dealing with psychology, then the thermometers one uses to measure it have an effect.
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But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over the past decade?
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We can see that in the inverse relationship exhibited by price/earnings ratios and the rate of inflation in the past.
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Credit-default swaps, I think, have serious problems associated with them.
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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.
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How do we know when irrational exuberance has unduly escalated asset values?
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Since I’ve become a central banker, I’ve learned to mumble with great incoherence.
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Regulators have not been able to achieve the level of future clarity required to act pre-emptively.
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The recent evidence increasingly suggests that an economic expansion is already well under way, although an array of influences unique to this business cycle seems likely to moderate its speed.
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Corruption, embezzlement, fraud, these are all characteristics which exist everywhere.
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We ought to be opening up our borders to skilled labour from all parts of the world because [the state of the world is as follows: ].
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Cash is available and we should use that in larger amounts, as is necessary, to solve the problems of the stress of this.
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If I say something which you understand fully in this regard, I probably made a mistake.
ALAN GREENSPAN






