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.
ALAN GREENSPANWhat 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.
More Alan Greenspan Quotes
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The guiding purpose of the government regulator is to prevent rather than to create something.
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Without calling the overall national issue a bubble, it’s pretty clear that it’s an unsustainable underlying pattern.
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Rules cannot take the place of character.
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You can’t have the capitalist system if an increasing number of people think it is unjust.
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Need to consider not only the most likely future path for the economy but also the distribution of possible outcomes about that path.
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Crony capitalism is essentially a condition in which… public officials are giving favours to people in the private sector in payment of political favours.
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The tub helps me relax, and it’s a great place to read.
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Fiat money in extremis is accepted by nobody. Gold is always accepted.
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I was a good amateur but only an average professional. I soon realized that there was a limit to how far I could rise in the music business, so I left the band and enrolled at New York University.
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There is nothing to guarantee the superior judgment, knowledge, and integrity of an inspector or a bureaucrat-and the deadly consequences of entrusting him with arbitrary power are obvious.
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If we are to remain preeminent in transforming knowledge into economic value, America’s system of higher education must remain the world’s leader in generating scientific and technological breakthrough, and in meeting the challenge to educate workers.
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Unfortunately, Senator, nobody knows where the next innovative idea is coming from.
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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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They seem to sense… that gold and economic freedom are inseparable.
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The gut-feel of the 55-year old trader is more important than the mathematical elegance of the 25-year old genius.
ALAN GREENSPAN






