Gold stands in the way of this insidious process. It stands as a protector of property rights.
ALAN GREENSPANAnd the percentage changes in wage rates would be the same for all job grades.
More Alan Greenspan Quotes
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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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[Republicans] swapped principle for power. They ended up with neither. They deserved to lose.
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I 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.
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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.
ALAN GREENSPAN -
Gold stands in the way of this insidious process. It stands as a protector of property rights.
ALAN GREENSPAN -
We can see that in the inverse relationship exhibited by price/earnings ratios and the rate of inflation in the past.
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It’s hard to overemphasize how important Ford’s deregulation was. True, most of the benefits took years to unfold-rail freight rates, for example hardly budged at first.
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Fiat money in extremis is accepted by nobody. Gold is always accepted.
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There is no safe store of value. Deficit spending is simply a scheme for the hidden confiscation of wealth.
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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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There is no evidence that the business cycle has been repealed.
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We need, in effect, to make the phantom ‘lock-boxes’ around the trust fund real.
ALAN GREENSPAN -
What an ideology is is a conceptual framework with the way people deal with reality.
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It’s not for anything other than an escape from what is perceived to be a fiat money system, paper money, that seems to be deteriorating.
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The tub helps me relax, and it’s a great place to read.
ALAN GREENSPAN