Deficit spending is simply a scheme for the confiscation of wealth.If I seem unduly clear to you, you must have misunderstood what I said.
ALAN GREENSPANClearly, sustained low inflation implies less uncertainty about the future, and lower risk premiums imply higher prices of stocks and other earning assets.
More Alan Greenspan Quotes
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I have long argued that paying down the national debt is beneficial for the economy.
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Given our inevitably incomplete knowledge about key structural aspects of our ever-changing economy and the sometimes asymmetric costs or benefits of particular outcomes, a central bank.
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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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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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But rules cannot substitute for character.
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But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over the past decade?
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While these tendencies were no doubt in train in the “old,” pre-1990s economy, they accelerated over the past decade as a number of technologies with their roots in the cumulative innovations of the past half-century began to yield dramatic economic returns.
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They seem to sense… that gold and economic freedom are inseparable.
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The guiding purpose of the government regulator is to prevent rather than to create something.
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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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If we are dealing with psychology, then the thermometers one uses to measure it have an effect.
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History cannot be reduced to a set of statistics and probabilities.
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As long as we issue fiat currency, I see no alternative to a legal tender law.
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Whatever you tax you get less of.
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By far the most significant event in finance during the past decade has been the extraordinary development and expansion of financial derivatives.
ALAN GREENSPAN