Fiat money in extremis is accepted by nobody. Gold is always accepted.
ALAN GREENSPANAnything that we can do to raise personal savings is very much in the interest of this country.
More Alan Greenspan Quotes
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I came to a stark realization: chronic surpluses could be almost as destabilizing as chronic deficits.
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Improvements in lending practices driven by information technology have enabled lenders to reach out to households with previously unrecognized borrowing capacities.
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I’m a better economist than I was a sax player.
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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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I don’t think it’s possible for the Fed to end its easy-money policies in a trouble-free manner.
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Those of us who have looked to the self-interest of lending institutions to protect shareholders’ equity are in a state of shocked disbelief.
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Without calling the overall national issue a bubble, it’s pretty clear that it’s an unsustainable underlying pattern.
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I’ve been in and out of Wall Street since 1949, and I’ve never seen the type of animosity between government and Wall Street. And I’m not sure where it comes from, but I suspect it’s got to do with a general schism in this society which is really becoming ever more destructive.
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The process of innovation is, of course, never ending.
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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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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.
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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.
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What an ideology is is a conceptual framework with the way people deal with reality.
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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 GREENSPAN