Political decisions are never random and will always lose out to innovative alternatives.
ALAN GREENSPANCredit-default swaps, I think, have serious problems associated with them.
More Alan Greenspan Quotes
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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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There’s an interesting question here because if the gold price broke in that context, the thermometer would not be just a measuring tool. It would basically affect the underlying psychology.
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Unfortunately, Senator, nobody knows where the next innovative idea is coming from.
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Yet deregulation set the stage for an enormous wave of creative destruction in the 1980s.
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The free lunch has still to be invented.
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To succeed, you will soon learn, as I did, the importance of a solid foundation in the basics of education – literacy, both verbal and numerical, and communication skills.
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I have long argued that paying down the national debt is beneficial for the economy.
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While local economies may experience significant price imbalances, a national severe price distortion seems most unlikely in the United States, given its size and diversity.
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Recent episodes in which Fed officials hinted at a shift toward higher interest rates have unleashed significant volatility in markets.
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The guiding purpose of the government regulator is to prevent rather than to create something.
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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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I was raising the question on the side with Governor Mullins of what would happen if the Treasury sold a little gold in this market.
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If I say something which you understand fully in this regard, I probably made a mistake.
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Fear and euphoria are dominant forces, and fear is many multiples the size of euphoria. Bubbles go up very slowly as euphoria builds.
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If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard.
ALAN GREENSPAN