Before I met Ayn Rand, I was a logical positivist, and accordingly,
ALAN GREENSPANI have found no greater satisfaction than achieving success through honest dealing and strict adherence to the view that, for you to gain, those you deal with should gain as well.
More Alan Greenspan Quotes
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History cannot be reduced to a set of statistics and probabilities.
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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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Even though some down payments are borrowed, it would take a large, and historically most unusual, fall in home prices to wipe out a significant part of home equity.
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Deficit spending is simply a scheme for the ‘hidden’ confiscation of wealth.
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If you get beyond the political rhetoric [and assembled a group to solve Social Security] it would take them 15 minutes. It would take them 15 minutes only because 10 minutes was used for pleasantries.
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How do we know when irrational exuberance has unduly escalated asset values?
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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 process of innovation is, of course, never ending.
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Without calling the overall national issue a bubble, it’s pretty clear that it’s an unsustainable underlying pattern.
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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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As long as we issue fiat currency, I see no alternative to a legal tender law.
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Fiat money in extremis is accepted by nobody. Gold is always accepted.
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This is the reason that history has not dealt kindly with the aftermath of protracted periods of low risk premiums.
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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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I’ve always argued that this country has benefited immensely from the fact that we draw people from all over the world.
ALAN GREENSPAN