Senator, we are groping for understanding, the knowledge you assume I possess doesn’t exist’.
ALAN GREENSPANThe problem is not lack of regulation but unrealistic expectations. What we confront in reality is uncertainty, some of it frighteningly so…
More Alan Greenspan Quotes
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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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Gold still represents the ultimate form of payment in the world.
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I was raising the question on the side with Governor Mullins of what would happen if the Treasury sold a little gold in this market.
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In an economy that already has lost some momentum, one must remain alert to the possibility that greater caution and weakening asset values in financial markets could signal or precipitate an excessive softening in household and business spending.
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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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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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Anything that we can do to raise personal savings is very much in the interest of this country.
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Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.
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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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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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I came to a stark realization: chronic surpluses could be almost as destabilizing as chronic deficits.
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If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard.
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Improvements in lending practices driven by information technology have enabled lenders to reach out to households with previously unrecognized borrowing capacities.
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I guess I should warn you, if I turn out to be particularly clear, you’ve probably misunderstood what I’ve said.
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If I’ve made myself clear, I’ve misspoken.
ALAN GREENSPAN






