Fiat money in extremis is accepted by nobody. Gold is always accepted.
ALAN GREENSPANWithout the triggers, that tax cut is irreponsible fiscal policy. Eventually, I think that will be the consensus view.
More Alan Greenspan Quotes
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Senator, we are groping for understanding, the knowledge you assume I possess doesn’t exist’.
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History demonstrates that participants in financial markets are susceptible to waves of optimism.
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I didn’t believe in absolutes, moral or otherwise. If I couldn’t prove a proposition with facts and figures, it was without merit.
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It is regrettably the way human nature functions, whether we like it or not. What successful economies do is keep it to a minimum.
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I love facts and figures. It’s like following a detective story, piecing together what’s going on in the economy.
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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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There’s an interesting question here because if the gold price broke in that context, the thermometer would not be just a measuring tool. It would basically affect the underlying psychology.
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I’m not denying that monopolies are terrible things, but I am denying that it is readily easy to resolve them through legislation of that nature.
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No one has ever eliminated any of that stuff.
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Remember what we’re looking at. Gold is a currency. It is still, by all evidence, a premier currency, that no fiat currency, including the dollar, can match.
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I’m a better economist than I was a sax player.
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Derivatives have permitted the unbundling of financial risks.
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Although the outlook is clouded by a number of uncertainties, the central tendencies of the projections .. imply continued good economic performance in the United States.
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The number one problem in today’s generation and economy is the lack of financial literacy.
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[Republicans] swapped principle for power. They ended up with neither. They deserved to lose.
ALAN GREENSPAN