American and British authorities were also concerned about violence in an area that harbors a resource indispensable for the functioning of the word economy.
ALAN GREENSPANWe are in the midst of a once-in-a-century credit tsunami. Central banks and governments are being required to take unprecedented measures.
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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History cannot be reduced to a set of statistics and probabilities.
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The economy is turning, and credit comes in with a lag, .. To the extent that a number of small firms are finding it difficult to get the credit they need at a price they can afford, that’s likely to change for the better.
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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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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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The only effective regulation lies in the propensity of customers to choose alternatives, of investors to move their funds elsewhere and of labour to acquire technical skills’.
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This decade is strewn with examples of bright people who thought they built a better mousetrap that could consistently extract abnormal returns from the financial markets.
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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.
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The free lunch has still to be invented.
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Deficit spending is simply a scheme for the ‘hidden’ confiscation of wealth.
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We ought to be opening up our borders to skilled labour from all parts of the world because [the state of the world is as follows: ].
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We as central bankers need not be concerned if a collapsing financial asset bubble does not threaten to impair the real economy, its production, jobs and price stability.
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Before I met Ayn Rand, I was a logical positivist, and accordingly,
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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.
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If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard.
ALAN GREENSPAN