Gold, unlike all other commodities, is a currency…and the major thrust in the demand for gold is not for jewelry.
ALAN GREENSPANI love to play tennis and golf, listen to music, watch baseball and root for the Redskins.
More Alan Greenspan Quotes
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Yet deregulation set the stage for an enormous wave of creative destruction in the 1980s.
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The increased flexibility of our economy, which has fostered our extraordinary resilience to shocks.
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The Iraq War is largely about oil.
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I’ve been in and out of Wall Street since 1949, and I’ve never seen the type of animosity between government and Wall Street. And I’m not sure where it comes from, but I suspect it’s got to do with a general schism in this society which is really becoming ever more destructive.
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I love to play tennis and golf, listen to music, watch baseball and root for the Redskins.
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I have one other issue I’d like to throw on the table. I hesitate to do it, but let me tell you some of the issues that are involved here.
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And the percentage changes in wage rates would be the same for all job grades.
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Crony capitalism is essentially a condition in which… public officials are giving favours to people in the private sector in payment of political favours.
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As long as we issue fiat currency, I see no alternative to a legal tender law.
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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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It seems superfluous to constrain trading in some of the newer derivatives and other innovative financial contracts of the past decade.
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I must say, I never expected to see the day where I would be talking about anything other than reducing the debt, I’m running into the tyranny of zero, which is where you can’t reduce (the debt) any more
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And whatever their publicized angst over Saddam Hussein’s ‘weapons of mass destruction.
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No matter how skillful the trading scheme, over the long haul, abnormal returns are sustained only through abnormal exposure to risk.
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Whatever you tax you get less of.
ALAN GREENSPAN