American consumers might benefit if lenders provided greater mortgage product alternatives to the traditional fixed-rate mortgage.
ALAN GREENSPANA decline in the national housing price level would need to be substantial to trigger a significant rise in foreclosures, because the vast majority of homeowners have built up substantial equity in their homes despite large mortgage.
More Alan Greenspan Quotes
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You can’t have the capitalist system if an increasing number of people think it is unjust.
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Need to consider not only the most likely future path for the economy but also the distribution of possible outcomes about that path.
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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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The process of innovation is, of course, never ending.
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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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It signals problems with respect to currency markets. Central banks should pay attention to it.
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We can guarantee cash benefits as far out and at whatever size you like, but we cannot guarantee their purchasing power.
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It’s hard to overemphasize how important Ford’s deregulation was. True, most of the benefits took years to unfold-rail freight rates, for example hardly budged at first.
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Remember what we’re looking at. Gold is a currency. It is still, by all evidence, a premier currency, that no fiat currency, including the dollar, can match.
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Stripped of its academic jargon, the welfare state is nothing more than a mechanism by which governments confiscate the wealth of the productive members of a society to support a wide variety of welfare schemes.
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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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Those of us who have looked to the self-interest of lending institutions to protect shareholders’ equity are in a state of shocked disbelief.
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There is no safe store of value. Deficit spending is simply a scheme for the hidden confiscation of wealth.
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The current financial crisis in the US is likely to be judged in retrospect as the most wrenching since the end of the Second World War.
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History demonstrates that participants in financial markets are susceptible to waves of optimism.
ALAN GREENSPAN