Regulation of derivatives transactions that are privately negotiated by professionals is unnecessary.
ALAN GREENSPANRegulation – 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.
More Alan Greenspan Quotes
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If all currencies are moving up or down together, the question is: relative to what? Gold is the canary in the coal mine.
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I have long argued that paying down the national debt is beneficial for the economy.
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I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.
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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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The process of innovation is, of course, never ending.
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The number of mistakes I have made are just awesome. There is no number large enough to account for that.
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If I say something which you understand fully in this regard, I probably made a mistake.
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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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Gold stands in the way of this insidious process. It stands as a protector of property rights.
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Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.
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Those of us who have looked to the self-interest of lending institutions to protect shareholders’ equity are in a state of shocked disbelief.
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I was a good amateur but only an average professional. I soon realized that there was a limit to how far I could rise in the music business, so I left the band and enrolled at New York University.
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Senator, we are groping for understanding, the knowledge you assume I possess doesn’t exist’.
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A decline in the national housing price level would need to be substantial to trigger a significant rise in foreclosures, because the vast majority of homeowners have built up substantial equity in their homes despite large mortgage.
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History cannot be reduced to a set of statistics and probabilities.
ALAN GREENSPAN