The tub helps me relax, and it’s a great place to read.
ALAN GREENSPANThey then need to reach a judgment about the probabilities, costs, and benefits of the various possible outcomes under alternative choices for policy.
More Alan Greenspan Quotes
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Fiat money in extremis is accepted by nobody. Gold is always accepted.
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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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Although the outlook is clouded by a number of uncertainties, the central tendencies of the projections .. imply continued good economic performance in the United States.
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No matter how skillful the trading scheme, over the long haul, abnormal returns are sustained only through abnormal exposure to risk.
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[Republicans] swapped principle for power. They ended up with neither. They deserved to lose.
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The free lunch has still to be invented.
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Any onset of increased investor caution elevates risk premiums and, as a consequence, lowers asset values and promotes the liquidation of the debt that supported higher asset prices.
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I have long argued that paying down the national debt is beneficial for the economy.
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If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard.
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History has not dealt kindly with the aftermath of protracted periods of low risk premiums.
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I think that real pressure is going to occur not by the initiation by the Federal Reserve, but by the markets themselves.
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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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If we are dealing with psychology, then the thermometers one uses to measure it have an effect.
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I’ve been in and out of Wall Street since 1949, and I’ve never seen the type of animosity between government and Wall Street. And I’m not sure where it comes from, but I suspect it’s got to do with a general schism in this society which is really becoming ever more destructive.
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Developing protectionism regarding trade and our reluctance to place fiscal policy on a more sustainable path are threatening what may well be our most valued policy asset.
ALAN GREENSPAN






