Clearly, sustained low inflation implies less uncertainty about the future, and lower risk premiums imply higher prices of stocks and other earning assets.
ALAN GREENSPAN[Republicans] swapped principle for power. They ended up with neither. They deserved to lose.
More Alan Greenspan Quotes
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The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default.
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No one has ever eliminated any of that stuff.
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Market financed withdrawals of home equity in recent years.
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If prices go down, we will have problems – problems in the sense of spillover to other areas.
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The arts develop skills and habits of mind that are important for workers in the new economy of ideas.
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I have long argued that paying down the national debt is beneficial for the economy.
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I’m a plain soap kind of guy.
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The number one problem in today’s generation and economy is the lack of financial literacy.
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Improvements in lending practices driven by information technology have enabled lenders to reach out to households with previously unrecognized borrowing capacities.
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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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We can guarantee cash benefits as far out and at whatever size you like, but we cannot guarantee their purchasing power.
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In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.
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Gold, unlike all other commodities, is a currency…and the major thrust in the demand for gold is not for jewelry.
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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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This is the reason that history has not dealt kindly with the aftermath of protracted periods of low risk premiums.
ALAN GREENSPAN