If you get beyond the political rhetoric [and assembled a group to solve Social Security] it would take them 15 minutes. It would take them 15 minutes only because 10 minutes was used for pleasantries.
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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We can see that in the inverse relationship exhibited by price/earnings ratios and the rate of inflation in the past.
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If prices go down, we will have problems – problems in the sense of spillover to other areas.
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Derivatives have permitted the unbundling of financial risks.
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The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default.
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Indeed, better risk management may be the only truly necessary element of success in banking.
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Revolutions are something you see only in retrospect.
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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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I love facts and figures. It’s like following a detective story, piecing together what’s going on in the economy.
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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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I didn’t believe in absolutes, moral or otherwise. If I couldn’t prove a proposition with facts and figures, it was without merit.
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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.
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In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.
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As long as we issue fiat currency, I see no alternative to a legal tender law.
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The need for values is inbred. Their content is not.
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I’m always amazed that my wife can handle different subjects – one day politics, the next day foreign policy.
ALAN GREENSPAN






