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 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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Any informed borrower is simply less vulnerable to fraud and abuse.
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The tub helps me relax, and it’s a great place to read.
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When trust is lost, a nation’s ability to transact business is palpably undermined.
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Developing protectionism regarding trade and our reluctance to place fiscal policy on a more sustainable path are threatening what may well be our most valued policy asset.
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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 love facts and figures. It’s like following a detective story, piecing together what’s going on in the economy.
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Corruption, embezzlement, fraud, these are all characteristics which exist everywhere.
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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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Yet deregulation set the stage for an enormous wave of creative destruction in the 1980s.
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Recent episodes in which Fed officials hinted at a shift toward higher interest rates have unleashed significant volatility in markets.
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Before I met Ayn Rand, I was a logical positivist, and accordingly,
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If you think you understand what I am saying you do not understand what I am saying.
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And whatever their publicized angst over Saddam Hussein’s ‘weapons of mass destruction.
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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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Indeed, better risk management may be the only truly necessary element of success in banking.
ALAN GREENSPAN