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.
ALAN GREENSPANAll taxes are a drag on economic growth. It’s only a question of degree.
More Alan Greenspan Quotes
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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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They seem to sense… that gold and economic freedom are inseparable.
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Gold still represents the ultimate form of payment in the world.
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Revolutions are something you see only in retrospect.
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You can’t have the capitalist system if an increasing number of people think it is unjust.
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If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard.
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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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Enhances a person’s ability to handle the more ambiguous and qualitative relationships that dominate our day-to-day financial decision-making
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The only effective regulation lies in the propensity of customers to choose alternatives, of investors to move their funds elsewhere and of labour to acquire technical skills’.
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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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Productivity is notoriously difficult to predict.
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Skilled shortages in America exist because we are shielding our skilled labor force from world competition. [Visa quotas] have been substituted for the wage pricing mechanism.
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Given our inevitably incomplete knowledge about key structural aspects of our ever-changing economy and the sometimes asymmetric costs or benefits of particular outcomes, a central bank.
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A decline in the national housing price level would need to be substantial to trigger a significant rise in foreclosures, because the vast majority of homeowners have built up substantial equity in their homes despite large mortgage.
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The tub helps me relax, and it’s a great place to read.
ALAN GREENSPAN