Gold, unlike all other commodities, is a currency…and the major thrust in the demand for gold is not for jewelry.
ALAN GREENSPANCash is available and we should use that in larger amounts, as is necessary, to solve the problems of the stress of this.
More Alan Greenspan Quotes
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The recent evidence increasingly suggests that an economic expansion is already well under way, although an array of influences unique to this business cycle seems likely to moderate its speed.
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This is the reason that history has not dealt kindly with the aftermath of protracted periods of low risk premiums.
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But rules cannot substitute for character.
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Senator, if I seem clear to you, you must have misunderstood me’.
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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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Institutions of the newer participants in global finance had not been tested, until recently…recent crisis have underscored certain financial structure vulnerabilities that are not readily assuaged in the short run.
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The use of a growing array of derivatives and the related application of more-sophisticated approaches to measuring and managing risk are key factors underpinning the greater resilience of our largest financial institutions…
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I cannot conceive of a politically feasible solution to this problem which will overdo cutting the deficit, where overdoing means harming the economy. It might be technically possible, but it is not realistic.
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Senator, we are groping for understanding, the knowledge you assume I possess doesn’t exist’.
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As long as we issue fiat currency, I see no alternative to a legal tender law.
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I’m a better economist than I was a sax player.
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I was raising the question on the side with Governor Mullins of what would happen if the Treasury sold a little gold in this market.
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If I say something which you understand fully in this regard, I probably made a mistake.
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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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The economy is turning, and credit comes in with a lag, .. To the extent that a number of small firms are finding it difficult to get the credit they need at a price they can afford, that’s likely to change for the better.
ALAN GREENSPAN