As long as we issue fiat currency, I see no alternative to a legal tender law.
ALAN GREENSPAN
ALAN GREENSPAN
Alan Greenspan on currency
Alan Greenspan197 quotes“As long as we issue fiat currency, I see no alternative to a legal tender law.”
More from Alan Greenspan
And whatever their publicized angst over Saddam Hussein’s ‘weapons of mass destruction.
Alan GreenspanAlan Greenspan Senator, we are groping for understanding, the knowledge you assume I possess doesn’t exist’.
Alan GreenspanAlan Greenspan Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.
Alan GreenspanAlan Greenspan I guess I should warn you, if I turn out to be particularly clear, you’ve probably misunderstood what I’ve said.
Alan GreenspanAlan Greenspan 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.
Alan GreenspanAlan Greenspan Fear and euphoria are dominant forces, and fear is many multiples the size of euphoria. Bubbles go up very slowly as euphoria builds.
Alan GreenspanAlan Greenspan The recent period has been marked by a transformation to an economy that is more productive as competitive forces become increasingly intense and new technologies raise the efficiency of our businesses…
Alan GreenspanAlan Greenspan Corruption, embezzlement, fraud, these are all characteristics which exist everywhere.
Alan GreenspanAlan Greenspan Deficit spending is simply a scheme for the confiscation of wealth.If I seem unduly clear to you, you must have misunderstood what I said.
Alan GreenspanAlan Greenspan Senator, if I seem clear to you, you must have misunderstood me’.
Alan GreenspanAlan Greenspan We may be in a rapidly evolving international financial system with all the bells and whistles of the so-called new economy. But the old-economy rules of prudence are as formidable as ever. We violate them at our own peril.
Alan GreenspanAlan Greenspan The Iraq War is largely about oil.
Alan GreenspanAlan Greenspan While these tendencies were no doubt in train in the “old,” pre-1990s economy, they accelerated over the past decade as a number of technologies with their roots in the cumulative innovations of the past half-century began to yield dramatic economic returns.
Alan GreenspanAlan Greenspan What an ideology is is a conceptual framework with the way people deal with reality.
Alan GreenspanAlan Greenspan Developing protectionism regarding trade and our reluctance to place fiscal policy on a more sustainable path are threatening what may well be our most valued policy asset.
Alan GreenspanAlan Greenspan It signals problems with respect to currency markets. Central banks should pay attention to it.
Alan GreenspanAlan Greenspan
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