I think that real pressure is going to occur not by the initiation by the Federal Reserve, but by the markets themselves.
ALAN GREENSPANIf I’ve made myself clear, I’ve misspoken.
More Alan Greenspan Quotes
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What an ideology is is a conceptual framework with the way people deal with reality.
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The worst have failed; investors no longer fund them and are not likely to in the future.
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Political decisions are never random and will always lose out to innovative alternatives.
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Skilled shortages in America exist because we are shielding our skilled labor force from world competition. [Visa quotas] have been substituted for the wage pricing mechanism.
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There is no safe store of value. Deficit spending is simply a scheme for the hidden confiscation of wealth.
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Corruption, embezzlement, fraud, these are all characteristics which exist everywhere.
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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 was raising the question on the side with Governor Mullins of what would happen if the Treasury sold a little gold in this market.
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We cannot rule out a situation in which a preemptive policy tightening becomes necessary.
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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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If I seem unduly clear to you, you must have misunderstood what I said.
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There’s an interesting question here because if the gold price broke in that context, the thermometer would not be just a measuring tool. It would basically affect the underlying psychology.
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I’ve always argued that this country has benefited immensely from the fact that we draw people from all over the world.
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The current financial crisis in the US is likely to be judged in retrospect as the most wrenching since the end of the Second World War.
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It signals problems with respect to currency markets. Central banks should pay attention to it.
ALAN GREENSPAN