History demonstrates that participants in financial markets are susceptible to waves of optimism.
ALAN GREENSPANI’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.
More Alan Greenspan Quotes
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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.
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And whatever their publicized angst over Saddam Hussein’s ‘weapons of mass destruction.
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The number one problem in today’s generation and economy is the lack of financial literacy.
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It’s not for anything other than an escape from what is perceived to be a fiat money system, paper money, that seems to be deteriorating.
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In the absence of the gold standard, there is no way to protect savings from confiscation through inflation.
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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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In an economy that already has lost some momentum, one must remain alert to the possibility that greater caution and weakening asset values in financial markets could signal or precipitate an excessive softening in household and business spending.
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Without the triggers, that tax cut is irreponsible fiscal policy. Eventually, I think that will be the consensus view.
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And she always has so much fun doing it. We make a good team.
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Gold stands in the way of this insidious process. It stands as a protector of property rights.
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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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We ought to be opening up our borders to skilled labour from all parts of the world because [the state of the world is as follows: ].
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The recent evidence increasingly suggests that an economic expansion is already well under way, although an array of influences unique to this business cycle seems likely to moderate its speed.
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There’s an interesting question here because if the gold price broke in that context, the thermometer would not be just a measuring tool. It would basically affect the underlying psychology.
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The economy is turning, and credit comes in with a lag, .. To the extent that a number of small firms are finding it difficult to get the credit they need at a price they can afford, that’s likely to change for the better.
ALAN GREENSPAN