How do we know when irrational exuberance has unduly escalated asset values?
ALAN GREENSPANThe arts develop skills and habits of mind that are important for workers in the new economy of ideas.
More Alan Greenspan Quotes
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Then fear hits, and it comes down very sharply. When I started to look at that.
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The guiding purpose of the government regulator is to prevent rather than to create something.
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I’m a plain soap kind of guy.
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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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The current financial crisis in the US is likely to be judged in retrospect as the most wrenching since the end of the Second World War.
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If all currencies are moving up or down together, the question is: relative to what? Gold is the canary in the coal mine.
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I don’t know where the stock market is going, but I will say this, that if it continues higher, this will do more to stimulate the economy than anything we’ve been talking about today or anything anybody else was talking about.
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It is this superlatively moral system that the welfare statists propose to improve upon by means of preventative law, snooping bureaucrats, and the chronic goad of fear.
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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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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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I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.
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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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Regulation of derivatives transactions that are privately negotiated by professionals is unnecessary.
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Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.
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Derivatives have permitted the unbundling of financial risks.
ALAN GREENSPAN