We need, in effect, to make the phantom ‘lock-boxes’ around the trust fund real.
ALAN GREENSPANThey seem to sense… that gold and economic freedom are inseparable.
More Alan Greenspan Quotes
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While local economies may experience significant price imbalances, a national severe price distortion seems most unlikely in the United States, given its size and diversity.
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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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Recent episodes in which Fed officials hinted at a shift toward higher interest rates have unleashed significant volatility in markets.
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Crony capitalism is essentially a condition in which… public officials are giving favours to people in the private sector in payment of political favours.
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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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Anything that we can do to raise personal savings is very much in the interest of this country.
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Enhances a person’s ability to handle the more ambiguous and qualitative relationships that dominate our day-to-day financial decision-making
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Whatever you tax you get less of.
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Fiat money in extremis is accepted by nobody. Gold is always accepted.
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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.
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Institutions of the newer participants in global finance had not been tested, until recently…recent crisis have underscored certain financial structure vulnerabilities that are not readily assuaged in the short run.
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Unfortunately, Senator, nobody knows where the next innovative idea is coming from.
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I came to a stark realization: chronic surpluses could be almost as destabilizing as chronic deficits.
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The only effective regulation lies in the propensity of customers to choose alternatives, of investors to move their funds elsewhere and of labour to acquire technical skills’.
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Deficit spending is simply a scheme for the ‘hidden’ confiscation of wealth.
ALAN GREENSPAN






