As long as we issue fiat currency, I see no alternative to a legal tender law.
ALAN GREENSPANMarket financed withdrawals of home equity in recent years.
More Alan Greenspan Quotes
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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 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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The Iraq War is largely about oil.
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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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We will have more crises and none of them will look like this because no two crises have anything in common except human nature.
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It is decidedly not true that “nice guys finish last,” as that highly original American baseball philosopher, Leo Durocher, was alleged to have said.
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Senator, we are groping for understanding, the knowledge you assume I possess doesn’t exist’.
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Institutions of the newer participants in global finance had not been tested, until recently…recent crisis have underscored certain financial structure vulnerabilities that are not readily assuaged in the short run.
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It keeps interest rates lower than they otherwise would be and frees savings to finance increases in the capital stock, thereby boosting productivity and real incomes.
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Remember 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.
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I don’t know where the stock market is going, but I will say this, that if it continues higher, this will do more to stimulate the economy than anything we’ve been talking about today or anything anybody else was talking about.
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If I seem unduly clear to you, you must have misunderstood what I said.
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Well, you probably will always believe there should be laws against fraud, and I don’t think there is any need for a law against fraud.
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It is this superlatively moral system that the welfare statists propose to improve upon by means of preventative law, snooping bureaucrats, and the chronic goad of fear.
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I’m a plain soap kind of guy.
ALAN GREENSPAN