Deficit spending is simply a scheme for the ‘hidden’ confiscation of wealth.
ALAN GREENSPANI love facts and figures. It’s like following a detective story, piecing together what’s going on in the economy.
More Alan Greenspan Quotes
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I was raising the question on the side with Governor Mullins of what would happen if the Treasury sold a little gold in this market.
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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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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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There is nothing to guarantee the superior judgment, knowledge, and integrity of an inspector or a bureaucrat-and the deadly consequences of entrusting him with arbitrary power are obvious.
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A 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.
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Improvements in lending practices driven by information technology have enabled lenders to reach out to households with previously unrecognized borrowing capacities.
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Rules cannot take the place of character.
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Even though some down payments are borrowed, it would take a large, and historically most unusual, fall in home prices to wipe out a significant part of home equity.
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And she always has so much fun doing it. We make a good team.
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The problem is not lack of regulation but unrealistic expectations. What we confront in reality is uncertainty, some of it frighteningly so…
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The need for values is inbred. Their content is not.
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The gut-feel of the 55-year old trader is more important than the mathematical elegance of the 25-year old genius.
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It has been my experience that competency in mathematics, both in numerical manipulations and in understanding its conceptual foundations.
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If I seem unduly clear to you, you must have misunderstood what I said.
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The tub helps me relax, and it’s a great place to read.
ALAN GREENSPAN






