I was a good amateur but only an average professional. I soon realized that there was a limit to how far I could rise in the music business, so I left the band and enrolled at New York University.
ALAN GREENSPANRemember 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.
More Alan Greenspan Quotes
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I have one other issue I’d like to throw on the table. I hesitate to do it, but let me tell you some of the issues that are involved here.
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And whatever their publicized angst over Saddam Hussein’s ‘weapons of mass destruction.
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It signals problems with respect to currency markets. Central banks should pay attention to it.
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Gold still represents the ultimate form of payment in the world.
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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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I’m a better economist than I was a sax player.
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The process of innovation is, of course, never ending.
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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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American consumers might benefit if lenders provided greater mortgage product alternatives to the traditional fixed-rate mortgage.
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The very nature of finance is that it cannot be profitable unless it is significantly leveraged… and as long as there is debt, there can be failure and contagion.
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I’m a plain soap kind of guy.
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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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Revolutions are something you see only in retrospect.
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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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I do not deny that many appear to have succeeded in a material way by cutting corners and by manipulating associates, both in their professional and in their personal lives.
ALAN GREENSPAN