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.
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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Before I met Ayn Rand, I was a logical positivist, and accordingly,
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Some succeed for a time. But while there may occasionally be mis-configurations among market prices that allow abnormal returns, they do not persist.
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The Iraq War is largely about oil.
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The tub helps me relax, and it’s a great place to read.
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I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.
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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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If I say something which you understand fully in this regard, I probably made a mistake.
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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 number of mistakes I have made are just awesome. There is no number large enough to account for that.
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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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I have long argued that paying down the national debt is beneficial for the economy.
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While local economies may experience significant price imbalances, a national severe price distortion seems most unlikely in the United States, given its size and diversity.
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Rules cannot take the place of character.
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We ought to be opening up our borders to skilled labour from all parts of the world because [the state of the world is as follows: ].
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They seem to sense… that gold and economic freedom are inseparable.
ALAN GREENSPAN