Gold, unlike all other commodities, is a currency…and the major thrust in the demand for gold is not for jewelry.
ALAN GREENSPANRules cannot take the place of character.
More Alan Greenspan Quotes
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The guiding purpose of the government regulator is to prevent rather than to create something.
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I must say, I never expected to see the day where I would be talking about anything other than reducing the debt, I’m running into the tyranny of zero, which is where you can’t reduce (the debt) any more
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It’s not for anything other than an escape from what is perceived to be a fiat money system, paper money, that seems to be deteriorating.
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This is the reason that history has not dealt kindly with the aftermath of protracted periods of low risk premiums.
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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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American consumers might benefit if lenders provided greater mortgage product alternatives to the traditional fixed-rate mortgage.
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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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Unfortunately, Senator, nobody knows where the next innovative idea is coming from.
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Political decisions are never random and will always lose out to innovative alternatives.
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The tub helps me relax, and it’s a great place to read.
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I don’t think it’s possible for the Fed to end its easy-money policies in a trouble-free manner.
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Fiat money in extremis is accepted by nobody. Gold is always accepted.
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Significantly opening up immigration to skilled workers solves two problems.
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Excessive optimism shows the seeds of its own reversal in the form of imbalances that tend to grow over time.
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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.
ALAN GREENSPAN