Deficit spending is simply a scheme for the confiscation of wealth.If I seem unduly clear to you, you must have misunderstood what I said.
ALAN GREENSPANWe will have more crises and none of them will look like this because no two crises have anything in common except human nature.
More Alan Greenspan Quotes
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The Iraq War is largely about oil.
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History cannot be reduced to a set of statistics and probabilities.
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Fear and euphoria are dominant forces, and fear is many multiples the size of euphoria. Bubbles go up very slowly as euphoria builds.
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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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Senator, we are groping for understanding, the knowledge you assume I possess doesn’t exist’.
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I love to play tennis and golf, listen to music, watch baseball and root for the Redskins.
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…our market system depends critically on trust-trust in the word of our colleagues and trust in the word of those with whom we do business.
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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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Gold stands in the way of this insidious process. It stands as a protector of property rights.
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There is no safe store of value. Deficit spending is simply a scheme for the hidden confiscation of wealth.
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There are no easy choices. Easy choices are long gone.
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Amateurs want to be right. Professionals want to make money.
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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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I’ve been in and out of Wall Street since 1949, and I’ve never seen the type of animosity between government and Wall Street. And I’m not sure where it comes from, but I suspect it’s got to do with a general schism in this society which is really becoming ever more destructive.
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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.
ALAN GREENSPAN






