Senator, if I seem clear to you, you must have misunderstood me’.
ALAN GREENSPANIt’s hard to overemphasize how important Ford’s deregulation was. True, most of the benefits took years to unfold-rail freight rates, for example hardly budged at first.
More Alan Greenspan Quotes
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Gold, unlike all other commodities, is a currency…and the major thrust in the demand for gold is not for jewelry.
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How do we know when irrational exuberance has unduly escalated asset values?
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In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.
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I came to a stark realization: chronic surpluses could be almost as destabilizing as chronic deficits.
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If I’ve made myself clear, I’ve misspoken.
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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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Gold stands in the way of this insidious process. It stands as a protector of property rights.
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What an ideology is is a conceptual framework with the way people deal with reality.
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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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The arts develop skills and habits of mind that are important for workers in the new economy of ideas.
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Stripped of its academic jargon, the welfare state is nothing more than a mechanism by which governments confiscate the wealth of the productive members of a society to support a wide variety of welfare schemes.
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No matter how skillful the trading scheme, over the long haul, abnormal returns are sustained only through abnormal exposure to risk.
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In the process we have created [a] privileged elite whose incomes are being supported at non-competitively high levels by immigration quotas on skilled professionals.
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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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Capitalism is based on self-interest and self-esteem; it holds integrity and trustworthiness as cardinal virtues and makes them pay off in the marketplace, thus demanding that men survive by means of virtue, not vices.
ALAN GREENSPAN