Gold stands in the way of this insidious process. It stands as a protector of property rights.
ALAN GREENSPAN…our market system depends critically on trust-trust in the word of our colleagues and trust in the word of those with whom we do business.
More Alan Greenspan Quotes
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Although the outlook is clouded by a number of uncertainties, the central tendencies of the projections .. imply continued good economic performance in the United States.
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Any informed borrower is simply less vulnerable to fraud and abuse.
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Since I’ve become a central banker, I’ve learned to mumble with great incoherence.
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You can’t have the capitalist system if an increasing number of people think it is unjust.
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Need to consider not only the most likely future path for the economy but also the distribution of possible outcomes about that path.
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It’s a bubble. It has to have intrinsic value. You have to really stretch your imagination to infer what the intrinsic value of Bitcoin is. I haven’t been able to do it. Maybe somebody else can.
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What we have found over the years in the marketplace is that derivatives have been an extraordinarily useful vehicle to transfer risk from those who shouldn’t be taking it to those who are willing to and are capable of doing so.
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I’ve always argued that this country has benefited immensely from the fact that we draw people from all over the world.
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Market financed withdrawals of home equity in recent years.
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Significantly opening up immigration to skilled workers solves two problems.
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I came to a stark realization: chronic surpluses could be almost as destabilizing as chronic deficits.
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Unfortunately, Senator, nobody knows where the next innovative idea is coming from.
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But material success is possible in this world and far more satisfying when it comes without exploiting others.
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I cannot conceive of a politically feasible solution to this problem which will overdo cutting the deficit, where overdoing means harming the economy. It might be technically possible, but it is not realistic.
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Capitalism is based on self-interest and self-esteem; it holds integrity and trustworthiness as cardinal virtues and makes them pay off in the marketplace, thus demanding that men survive by means of virtue, not vices.
ALAN GREENSPAN






