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.
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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Deficit spending is simply a scheme for the ‘hidden’ confiscation of wealth.
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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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If we allow terrorism to undermine our freedom of action, we could reverse at least part of the palpable gains achieved by postwar globalization. It is incumbent upon us not to allow that to happen.
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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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If I seem unduly clear to you, you must have misunderstood what I said.
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The recent evidence increasingly suggests that an economic expansion is already well under way, although an array of influences unique to this business cycle seems likely to moderate its speed.
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I have long argued that paying down the national debt is beneficial for the economy.
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History has not dealt kindly with the aftermath of protracted periods of low risk premiums.
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The recent period has been marked by a transformation to an economy that is more productive as competitive forces become increasingly intense and new technologies raise the efficiency of our businesses…
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If we were to do that we would increase the supply of skilled workers that our schools have been unable to create and as a consequence of that we would lower the average wage of skills and reduce the degree of income inequality in this country.
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Any informed borrower is simply less vulnerable to fraud and abuse.
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Developing protectionism regarding trade and our reluctance to place fiscal policy on a more sustainable path are threatening what may well be our most valued policy asset.
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But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over the past decade?
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Remember what we’re looking at. Gold is a currency. It is still, by all evidence, a premier currency, that no fiat currency, including the dollar, can match.
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We cannot rule out a situation in which a preemptive policy tightening becomes necessary.
ALAN GREENSPAN






