There is no safe store of value. Deficit spending is simply a scheme for the hidden confiscation of wealth.
ALAN GREENSPANGold still represents the ultimate form of payment in the world.
More Alan Greenspan Quotes
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Regulators have not been able to achieve the level of future clarity required to act pre-emptively.
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I’m a plain soap kind of guy.
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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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Without calling the overall national issue a bubble, it’s pretty clear that it’s an unsustainable underlying pattern.
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And the percentage changes in wage rates would be the same for all job grades.
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Now, I only play very occasionally, and in fact, more piano than clarinet or sax.
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Excessive optimism shows the seeds of its own reversal in the form of imbalances that tend to grow over time.
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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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The companies could hire the educated workers they need. And those workers would compete with high-income people, driving more income equality.
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But material success is possible in this world and far more satisfying when it comes without exploiting others.
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If we were to do that we would increase the supply of skilled workers that our schools have been unable to create and as a consequence of that we would lower the average wage of skills and reduce the degree of income inequality in this country.
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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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Rules cannot take the place of character.
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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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The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit.
ALAN GREENSPAN