Without the triggers, that tax cut is irreponsible fiscal policy. Eventually, I think that will be the consensus view.
ALAN GREENSPANI’m always amazed that my wife can handle different subjects – one day politics, the next day foreign policy.
More Alan Greenspan Quotes
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Market financed withdrawals of home equity in recent years.
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If I’ve made myself clear, I’ve misspoken.
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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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History demonstrates that participants in financial markets are susceptible to waves of optimism.
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In the absence of the gold standard, there is no way to protect savings from confiscation through inflation.
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Gold, unlike all other commodities, is a currency…and the major thrust in the demand for gold is not for jewelry.
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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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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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The guiding purpose of the government regulator is to prevent rather than to create something.
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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.
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Senator, if I seem clear to you, you must have misunderstood me’.
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Enhances a person’s ability to handle the more ambiguous and qualitative relationships that dominate our day-to-day financial decision-making
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Clearly, sustained low inflation implies less uncertainty about the future, and lower risk premiums imply higher prices of stocks and other earning assets.
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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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Many of those who purchased their residence more than a year ago have equity buffers in their homes adequate to withstand any price decline other than a very deep one.
ALAN GREENSPAN






