It’s a bubble. It has to have intrinsic value. You have to really stretch your imagination to infer what the intrinsic value of Bitcoin is. I haven’t been able to do it. Maybe somebody else can.
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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And the percentage changes in wage rates would be the same for all job grades.
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Gold still represents the ultimate form of payment in the world.
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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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Any informed borrower is simply less vulnerable to fraud and abuse.
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Corruption, embezzlement, fraud, these are all characteristics which exist everywhere.
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Fiat money in extremis is accepted by nobody. Gold is always accepted.
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In general, corruption tends to exist whenever governments have favors to extend, or something to sell.
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History has not dealt kindly with the aftermath of protracted periods of low risk premiums.
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We will have more crises and none of them will look like this because no two crises have anything in common except human nature.
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Institutions of the newer participants in global finance had not been tested, until recently…recent crisis have underscored certain financial structure vulnerabilities that are not readily assuaged in the short run.
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No one has ever eliminated any of that stuff.
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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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Since I’ve become a central banker, I’ve learned to mumble with great incoherence.
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Political decisions are never random and will always lose out to innovative alternatives.
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Although the outlook is clouded by a number of uncertainties, the central tendencies of the projections .. imply continued good economic performance in the United States.
ALAN GREENSPAN






