The true measure of a career is to be able to be content, even proud, that you succeeded through your own endeavors without leaving a trail of casualties in your wake.
ALAN GREENSPANAmerican and British authorities were also concerned about violence in an area that harbors a resource indispensable for the functioning of the word economy.
More Alan Greenspan Quotes
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We are in the midst of a once-in-a-century credit tsunami. Central banks and governments are being required to take unprecedented measures.
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Rules cannot take the place of character.
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Regulation – which is based on force and fear – undermines the moral base of business dealings. It becomes cheaper to bribe a building inspector than to meet his standards of construction. Protection of the consumer by regulation is thus illusory.
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Even though some down payments are borrowed, it would take a large, and historically most unusual, fall in home prices to wipe out a significant part of home equity.
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So there is no reason to suspect that the actual process of boosting rates would be any different.
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While local economies may experience significant price imbalances, a national severe price distortion seems most unlikely in the United States, given its size and diversity.
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The Iraq War is largely about oil.
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They then need to reach a judgment about the probabilities, costs, and benefits of the various possible outcomes under alternative choices for policy.
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These days, even out of office, I still read economic reports.
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An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions.
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If you think you understand what I am saying you do not understand what I am saying.
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They seem to sense… that gold and economic freedom are inseparable.
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Since I’ve become a central banker, I’ve learned to mumble with great incoherence.
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History demonstrates that participants in financial markets are susceptible to waves of optimism.
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Stripped of its academic jargon, the welfare state is nothing more than a mechanism by which governments confiscate the wealth of the productive members of a society to support a wide variety of welfare schemes.
ALAN GREENSPAN






