Regulation of derivatives transactions that are privately negotiated by professionals is unnecessary.
ALAN GREENSPANGold stands in the way of this insidious process. It stands as a protector of property rights.
More Alan Greenspan Quotes
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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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It keeps interest rates lower than they otherwise would be and frees savings to finance increases in the capital stock, thereby boosting productivity and real incomes.
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It is decidedly not true that “nice guys finish last,” as that highly original American baseball philosopher, Leo Durocher, was alleged to have said.
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Derivatives have permitted the unbundling of financial risks.
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The problem is not lack of regulation but unrealistic expectations. What we confront in reality is uncertainty, some of it frighteningly so…
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I have long argued that paying down the national debt is beneficial for the economy.
ALAN GREENSPAN -
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.
ALAN GREENSPAN -
There are no easy choices. Easy choices are long gone.
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Excessive optimism shows the seeds of its own reversal in the form of imbalances that tend to grow over time.
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I came to a stark realization: chronic surpluses could be almost as destabilizing as chronic deficits.
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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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The tub helps me relax, and it’s a great place to read.
ALAN GREENSPAN -
I believe that the general growth in large [financial] institutions have occurred in the context of an underlying structure of markets in which many of the larger risks are dramatically — I should say, fully — hedged.
ALAN GREENSPAN -
And the percentage changes in wage rates would be the same for all job grades.
ALAN GREENSPAN -
I do not deny that many appear to have succeeded in a material way by cutting corners and by manipulating associates, both in their professional and in their personal lives.
ALAN GREENSPAN