It’s a bubble. It has to have intrinsic value. You have to really stretch your imagination to infer what the intrinsic value of Bitcoin is. I haven’t been able to do it. Maybe somebody else can.
ALAN GREENSPANYet deregulation set the stage for an enormous wave of creative destruction in the 1980s.
More Alan Greenspan Quotes
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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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Was sort of intellectually shocked. Contagion is the critical phenomenon which causes the thing to fall apart.
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These days, even out of office, I still read economic reports.
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Anything that we can do to raise personal savings is very much in the interest of this country.
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To succeed, you will soon learn, as I did, the importance of a solid foundation in the basics of education – literacy, both verbal and numerical, and communication skills.
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I’m not denying that monopolies are terrible things, but I am denying that it is readily easy to resolve them through legislation of that nature.
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History demonstrates that participants in financial markets are susceptible to waves of optimism.
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Now, I only play very occasionally, and in fact, more piano than clarinet or sax.
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American consumers might benefit if lenders provided greater mortgage product alternatives to the traditional fixed-rate mortgage.
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Corruption, embezzlement, fraud, these are all characteristics which exist everywhere.
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The increased flexibility of our economy, which has fostered our extraordinary resilience to shocks.
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It’s not for anything other than an escape from what is perceived to be a fiat money system, paper money, that seems to be deteriorating.
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Improvements in lending practices driven by information technology have enabled lenders to reach out to households with previously unrecognized borrowing capacities.
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If I’ve made myself clear, I’ve misspoken.
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Excessive optimism shows the seeds of its own reversal in the form of imbalances that tend to grow over time.
ALAN GREENSPAN