It’s not for anything other than an escape from what is perceived to be a fiat money system, paper money, that seems to be deteriorating.
ALAN GREENSPANI’m a better economist than I was a sax player.
More Alan Greenspan Quotes
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Significantly opening up immigration to skilled workers solves two problems.
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I believe that the general growth in large [financial] institutions have occurred in the context of an underlying structure of markets in which many of the larger risks are dramatically — I should say, fully — hedged.
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History cannot be reduced to a set of statistics and probabilities.
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The companies could hire the educated workers they need. And those workers would compete with high-income people, driving more income equality.
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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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Everyone has one. You have to, to exist you need an ideology. The question is whether it is accurate or not.
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Well, you probably will always believe there should be laws against fraud, and I don’t think there is any need for a law against fraud.
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Any informed borrower is simply less vulnerable to fraud and abuse.
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I think that real pressure is going to occur not by the initiation by the Federal Reserve, but by the markets themselves.
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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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Gold still represents the ultimate form of payment in the world.
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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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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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I guess I should warn you, if I turn out to be particularly clear, you’ve probably misunderstood what I’ve said.
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You can’t have the capitalist system if an increasing number of people think it is unjust.
ALAN GREENSPAN