Since I’ve become a central banker, I’ve learned to mumble with great incoherence.
ALAN GREENSPANI must say, I never expected to see the day where I would be talking about anything other than reducing the debt, I’m running into the tyranny of zero, which is where you can’t reduce (the debt) any more
More Alan Greenspan Quotes
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They then need to reach a judgment about the probabilities, costs, and benefits of the various possible outcomes under alternative choices for policy.
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The number one problem in today’s generation and economy is the lack of financial literacy.
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No matter how skillful the trading scheme, over the long haul, abnormal returns are sustained only through abnormal exposure to risk.
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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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Senator, we are groping for understanding, the knowledge you assume I possess doesn’t exist’.
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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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Corruption, embezzlement, fraud, these are all characteristics which exist everywhere.
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I was a fairly good amateur musician, and I was an average professional. But the one thing I saw was that the big band business was fading.
ALAN GREENSPAN -
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.
ALAN GREENSPAN -
What an ideology is is a conceptual framework with the way people deal with reality.
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Gold, unlike all other commodities, is a currency…and the major thrust in the demand for gold is not for jewelry.
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Such caution seems especially warranted with regard to the sharp rise in equity prices during the past two years. These gains have obviously raised questions of sustainability.
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An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions.
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The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit.
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Then fear hits, and it comes down very sharply. When I started to look at that.
ALAN GREENSPAN