We as central bankers need not be concerned if a collapsing financial asset bubble does not threaten to impair the real economy, its production, jobs and price stability.
ALAN GREENSPANIf one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard.
More Alan Greenspan Quotes
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By far the most significant event in finance during the past decade has been the extraordinary development and expansion of financial derivatives.
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Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.
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While these tendencies were no doubt in train in the “old,” pre-1990s economy, they accelerated over the past decade as a number of technologies with their roots in the cumulative innovations of the past half-century began to yield dramatic economic returns.
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Cash is available and we should use that in larger amounts, as is necessary, to solve the problems of the stress of this.
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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, unlike all other commodities, is a currency…and the major thrust in the demand for gold is not for jewelry.
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Fiat money in extremis is accepted by nobody. Gold is always accepted.
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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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An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions.
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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 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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Need to consider not only the most likely future path for the economy but also the distribution of possible outcomes about that path.
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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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I’m always amazed that my wife can handle different subjects – one day politics, the next day foreign policy.
ALAN GREENSPAN






