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.
ALAN GREENSPANDerivatives have permitted the unbundling of financial risks.
More Alan Greenspan Quotes
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Given our inevitably incomplete knowledge about key structural aspects of our ever-changing economy and the sometimes asymmetric costs or benefits of particular outcomes, a central bank.
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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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If I say something which you understand fully in this regard, I probably made a mistake.
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Yet deregulation set the stage for an enormous wave of creative destruction in the 1980s.
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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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We ought to be opening up our borders to skilled labour from all parts of the world because [the state of the world is as follows: ].
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Well, you probably will always believe there should be laws against fraud, and I don’t think there is any need for a law against fraud.
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I think that real pressure is going to occur not by the initiation by the Federal Reserve, but by the markets themselves.
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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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No matter how skillful the trading scheme, over the long haul, abnormal returns are sustained only through abnormal exposure to risk.
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Crony capitalism is essentially a condition in which… public officials are giving favours to people in the private sector in payment of political favours.
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Senator, if I seem clear to you, you must have misunderstood me’.
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The guiding purpose of the government regulator is to prevent rather than to create something.
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I do not deny that many appear to have succeeded in a material way by cutting corners and by manipulating associates, both in their professional and in their personal lives.
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There is no evidence that the business cycle has been repealed.
ALAN GREENSPAN