I was a fairly good amateur musician, and I was an average professional. But the one thing I saw was that the big band business was fading.
ALAN GREENSPANI was a fairly good amateur musician, and I was an average professional. But the one thing I saw was that the big band business was fading.
ALAN GREENSPANFiat money in extremis is accepted by nobody. Gold is always accepted.
ALAN GREENSPANI 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.
ALAN GREENSPANI have long argued that paying down the national debt is beneficial for the economy.
ALAN GREENSPANRecent episodes in which Fed officials hinted at a shift toward higher interest rates have unleashed significant volatility in markets.
ALAN GREENSPANIt’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 GREENSPANThere is nothing to guarantee the superior judgment, knowledge, and integrity of an inspector or a bureaucrat-and the deadly consequences of entrusting him with arbitrary power are obvious.
ALAN GREENSPANIn an economy that already has lost some momentum, one must remain alert to the possibility that greater caution and weakening asset values in financial markets could signal or precipitate an excessive softening in household and business spending.
ALAN GREENSPANI have one other issue I’d like to throw on the table. I hesitate to do it, but let me tell you some of the issues that are involved here.
ALAN GREENSPANEveryone has one. You have to, to exist you need an ideology. The question is whether it is accurate or not.
ALAN GREENSPANExcessive optimism sows the seeds of its own reversal.
ALAN GREENSPANNow, I only play very occasionally, and in fact, more piano than clarinet or sax.
ALAN GREENSPANI’m a better economist than I was a sax player.
ALAN GREENSPANAnd whatever their publicized angst over Saddam Hussein’s ‘weapons of mass destruction.
ALAN GREENSPANGold stands in the way of this insidious process. It stands as a protector of property rights.
ALAN GREENSPANBut rules cannot substitute for character.
ALAN GREENSPAN