If I say something which you understand fully in this regard, I probably made a mistake.
ALAN GREENSPANYou can’t have the capitalist system if an increasing number of people think it is unjust.
More Alan Greenspan Quotes
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I have found no greater satisfaction than achieving success through honest dealing and strict adherence to the view that, for you to gain, those you deal with should gain as well.
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Corruption, embezzlement, fraud, these are all characteristics which exist everywhere.
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And whatever their publicized angst over Saddam Hussein’s ‘weapons of mass destruction.
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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.
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While these tendencies were no doubt in train in the “old,” pre-1990s economy, they accelerated over the past decade as a number of technologies with their roots in the cumulative innovations of the past half-century began to yield dramatic economic returns.
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In the process we have created [a] privileged elite whose incomes are being supported at non-competitively high levels by immigration quotas on skilled professionals.
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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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All taxes are a drag on economic growth. It’s only a question of degree.
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I love to play tennis and golf, listen to music, watch baseball and root for the Redskins.
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In the absence of the gold standard, there is no way to protect savings from confiscation through inflation.
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In general, corruption tends to exist whenever governments have favors to extend, or something to sell.
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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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The tub helps me relax, and it’s a great place to read.
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There’s an interesting question here because if the gold price broke in that context, the thermometer would not be just a measuring tool. It would basically affect the underlying psychology.
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People dont realize that we cannot forecast the future. What we can do is have probabilities of what causes what, but thats as far as we go. And Ive had a very successful career as a forecaster, starting in 1948 forward.
ALAN GREENSPAN