It keeps interest rates lower than they otherwise would be and frees savings to finance increases in the capital stock, thereby boosting productivity and real incomes.
ALAN GREENSPANWhatever you tax you get less of.
More Alan Greenspan Quotes
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In an economy that already has lost some momentum, one must remain alert to the possibility that greater caution and weakening asset values in financial markets could signal or precipitate an excessive softening in household and business spending.
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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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There is no evidence that the business cycle has been repealed.
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The use of a growing array of derivatives and the related application of more-sophisticated approaches to measuring and managing risk are key factors underpinning the greater resilience of our largest financial institutions…
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Indeed, better risk management may be the only truly necessary element of success in banking.
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If all currencies are moving up or down together, the question is: relative to what? Gold is the canary in the coal mine.
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It’s a bubble. It has to have intrinsic value. You have to really stretch your imagination to infer what the intrinsic value of Bitcoin is. I haven’t been able to do it. Maybe somebody else can.
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It has been my experience that competency in mathematics, both in numerical manipulations and in understanding its conceptual foundations.
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Gold still represents the ultimate form of payment in the world.
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History has not dealt kindly with the aftermath of protracted periods of low risk premiums.
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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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We need, in effect, to make the phantom ‘lock-boxes’ around the trust fund real.
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The number of mistakes I have made are just awesome. There is no number large enough to account for that.
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History demonstrates that participants in financial markets are susceptible to waves of optimism.
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They seem to sense… that gold and economic freedom are inseparable.
ALAN GREENSPAN






