In the absence of the gold standard, there is no way to protect savings from confiscation through inflation.
ALAN GREENSPANGold stands in the way of this insidious process. It stands as a protector of property rights.
More Alan Greenspan Quotes
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I was raising the question on the side with Governor Mullins of what would happen if the Treasury sold a little gold in this market.
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What an ideology is is a conceptual framework with the way people deal with reality.
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If we were to do that we would increase the supply of skilled workers that our schools have been unable to create and as a consequence of that we would lower the average wage of skills and reduce the degree of income inequality in this country.
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I don’t think it’s possible for the Fed to end its easy-money policies in a trouble-free manner.
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If I’ve made myself clear, I’ve misspoken.
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If 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.
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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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I didn’t believe in absolutes, moral or otherwise. If I couldn’t prove a proposition with facts and figures, it was without merit.
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The worst have failed; investors no longer fund them and are not likely to in the future.
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Regulation of derivatives transactions that are privately negotiated by professionals is unnecessary.
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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.
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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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Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.
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Gold stands in the way of this insidious process. It stands as a protector of property rights.
ALAN GREENSPAN -
Excessive optimism shows the seeds of its own reversal in the form of imbalances that tend to grow over time.
ALAN GREENSPAN