Crony capitalism is essentially a condition in which… public officials are giving favours to people in the private sector in payment of political favours.
ALAN GREENSPANThe United States can pay any debt it has because we can always print money to do that. So there is zero probability of default.
More Alan Greenspan Quotes
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They seem to sense… that gold and economic freedom are inseparable.
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To succeed, you will soon learn, as I did, the importance of a solid foundation in the basics of education – literacy, both verbal and numerical, and communication skills.
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I must say, I never expected to see the day where I would be talking about anything other than reducing the debt, I’m running into the tyranny of zero, which is where you can’t reduce (the debt) any more
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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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The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default.
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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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It seems superfluous to constrain trading in some of the newer derivatives and other innovative financial contracts of the past decade.
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Given our inevitably incomplete knowledge about key structural aspects of our ever-changing economy and the sometimes asymmetric costs or benefits of particular outcomes, a central bank.
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But material success is possible in this world and far more satisfying when it comes without exploiting others.
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All taxes are a drag on economic growth. It’s only a question of degree.
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Indeed, better risk management may be the only truly necessary element of success in banking.
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Many of those who purchased their residence more than a year ago have equity buffers in their homes adequate to withstand any price decline other than a very deep one.
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The process of innovation is, of course, never ending.
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History cannot be reduced to a set of statistics and probabilities.
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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.
ALAN GREENSPAN






