It seems superfluous to constrain trading in some of the newer derivatives and other innovative financial contracts of the past decade.
ALAN GREENSPANIt’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.
More Alan Greenspan Quotes
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Before I met Ayn Rand, I was a logical positivist, and accordingly,
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I believe that the general growth in large [financial] institutions have occurred in the context of an underlying structure of markets in which many of the larger risks are dramatically — I should say, fully — hedged.
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Capitalism is based on self-interest and self-esteem; it holds integrity and trustworthiness as cardinal virtues and makes them pay off in the marketplace, thus demanding that men survive by means of virtue, not vices.
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The probability of ten consecutive heads is 0.1 percent; thus, when you have millions of coin tossers, or investors, in the end there will be thousands of very successful practitioners of coin tossing, or stock picking.
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This is the reason that history has not dealt kindly with the aftermath of protracted periods of low risk premiums.
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[Republicans] swapped principle for power. They ended up with neither. They deserved to lose.
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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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Anyone willing to do what is required to become president of the United States is thereby barred from taking that office. I’m only half joking
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There is no evidence that the business cycle has been repealed.
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As long as we issue fiat currency, I see no alternative to a legal tender law.
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We ought to be opening up our borders to skilled labour from all parts of the world because [the state of the world is as follows: ].
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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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I must say, I never expected to see the day where I would be talking about anything other than reducing the debt, I’m running into the tyranny of zero, which is where you can’t reduce (the debt) any more
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I’m always amazed that my wife can handle different subjects – one day politics, the next day foreign policy.
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Senator, we are groping for understanding, the knowledge you assume I possess doesn’t exist’.
ALAN GREENSPAN