You can’t have the capitalist system if an increasing number of people think it is unjust.
ALAN GREENSPANIf we allow terrorism to undermine our freedom of action, we could reverse at least part of the palpable gains achieved by postwar globalization. It is incumbent upon us not to allow that to happen.
More Alan Greenspan Quotes
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By far the most significant event in finance during the past decade has been the extraordinary development and expansion of financial derivatives.
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And the percentage changes in wage rates would be the same for all job grades.
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It signals problems with respect to currency markets. Central banks should pay attention to it.
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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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We may be in a rapidly evolving international financial system with all the bells and whistles of the so-called new economy. But the old-economy rules of prudence are as formidable as ever. We violate them at our own peril.
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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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…our market system depends critically on trust-trust in the word of our colleagues and trust in the word of those with whom we do business.
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We can guarantee cash benefits as far out and at whatever size you like, but we cannot guarantee their purchasing power.
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[Republicans] swapped principle for power. They ended up with neither. They deserved to lose.
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Corruption, embezzlement, fraud, these are all characteristics which exist everywhere.
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Political decisions are never random and will always lose out to innovative alternatives.
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If I’ve made myself clear, I’ve misspoken.
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Gold still represents the ultimate form of payment in the world.
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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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This decade is strewn with examples of bright people who thought they built a better mousetrap that could consistently extract abnormal returns from the financial markets.
ALAN GREENSPAN