I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.
ALAN GREENSPANIf we are to remain preeminent in transforming knowledge into economic value, America’s system of higher education must remain the world’s leader in generating scientific and technological breakthrough, and in meeting the challenge to educate workers.
More Alan Greenspan Quotes
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All taxes are a drag on economic growth. It’s only a question of degree.
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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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Some succeed for a time. But while there may occasionally be mis-configurations among market prices that allow abnormal returns, they do not persist.
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Nor can private counterparties restrict supplies of gold, another commodity whose derivatives are often traded over-the-counter, where central banks stand ready to lease gold in increasing quantities should the price rise.
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The recent period has been marked by a transformation to an economy that is more productive as competitive forces become increasingly intense and new technologies raise the efficiency of our businesses…
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The worst have failed; investors no longer fund them and are not likely to in the future.
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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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Regulation – which is based on force and fear – undermines the moral base of business dealings. It becomes cheaper to bribe a building inspector than to meet his standards of construction. Protection of the consumer by regulation is thus illusory.
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While local economies may experience significant price imbalances, a national severe price distortion seems most unlikely in the United States, given its size and diversity.
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Was sort of intellectually shocked. Contagion is the critical phenomenon which causes the thing to fall apart.
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The number one problem in today’s generation and economy is the lack of financial literacy.
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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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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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How do we know when irrational exuberance has unduly escalated asset values?
ALAN GREENSPAN






