I don’t think it’s possible for the Fed to end its easy-money policies in a trouble-free manner.
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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Credit-default swaps, I think, have serious problems associated with them.
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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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Political decisions are never random and will always lose out to innovative alternatives.
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The only sustainable way to increase demand for vacant houses is to spur the formation of new households. Admitting more skilled immigrants, who tend to earn enough to buy homes, would accomplish that while paying other dividends to the U.S. economy.
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American and British authorities were also concerned about violence in an area that harbors a resource indispensable for the functioning of the word economy.
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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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And the percentage changes in wage rates would be the same for all job grades.
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Productivity is notoriously difficult to predict.
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I must say, I never expected to see the day where I would be talking about anything other than reducing the debt, I’m running into the tyranny of zero, which is where you can’t reduce (the debt) any more
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Before I met Ayn Rand, I was a logical positivist, and accordingly,
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When trust is lost, a nation’s ability to transact business is palpably undermined.
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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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Senator, if I seem clear to you, you must have misunderstood me’.
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Any onset of increased investor caution elevates risk premiums and, as a consequence, lowers asset values and promotes the liquidation of the debt that supported higher asset prices.
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Derivatives have permitted the unbundling of financial risks.
ALAN GREENSPAN