An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions.
ALAN GREENSPANWithout calling the overall national issue a bubble, it’s pretty clear that it’s an unsustainable underlying pattern.
More Alan Greenspan Quotes
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When trust is lost, a nation’s ability to transact business is palpably undermined.
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Senator, if I seem clear to you, you must have misunderstood me’.
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I’m always amazed that my wife can handle different subjects – one day politics, the next day foreign policy.
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The Iraq War is largely about oil.
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Clearly, sustained low inflation implies less uncertainty about the future, and lower risk premiums imply higher prices of stocks and other earning assets.
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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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Unfortunately, Senator, nobody knows where the next innovative idea is coming from.
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There is no evidence that the business cycle has been repealed.
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They then need to reach a judgment about the probabilities, costs, and benefits of the various possible outcomes under alternative choices for policy.
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Fear and euphoria are dominant forces, and fear is many multiples the size of euphoria. Bubbles go up very slowly as euphoria builds.
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The recent period has been marked by a transformation to an economy that is more productive as competitive forces become increasingly intense and new technologies raise the efficiency of our businesses…
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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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Amateurs want to be right. Professionals want to make money.
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Many of those who purchased their residence more than a year ago have equity buffers in their homes adequate to withstand any price decline other than a very deep one.
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Corruption, embezzlement, fraud, these are all characteristics which exist everywhere.
ALAN GREENSPAN






