Gold still represents the ultimate form of payment in the world.
ALAN GREENSPANThen fear hits, and it comes down very sharply. When I started to look at that.
More Alan Greenspan Quotes
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Before I met Ayn Rand, I was a logical positivist, and accordingly,
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There is nothing to guarantee the superior judgment, knowledge, and integrity of an inspector or a bureaucrat-and the deadly consequences of entrusting him with arbitrary power are obvious.
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Excessive optimism sows the seeds of its own reversal.
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The process of innovation is, of course, never ending.
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We need, in effect, to make the phantom ‘lock-boxes’ around the trust fund real.
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Since I’ve become a central banker, I’ve learned to mumble with great incoherence.
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Clearly, sustained low inflation implies less uncertainty about the future, and lower risk premiums imply higher prices of stocks and other earning assets.
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Revolutions are something you see only in retrospect.
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I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.
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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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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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Without calling the overall national issue a bubble, it’s pretty clear that it’s an unsustainable underlying pattern.
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If we allow terrorism to undermine our freedom of action, we could reverse at least part of the palpable gains achieved by postwar globalization. It is incumbent upon us not to allow that to happen.
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Regulation of derivatives transactions that are privately negotiated by professionals is unnecessary.
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The tub helps me relax, and it’s a great place to read.
ALAN GREENSPAN






