This is the reason that history has not dealt kindly with the aftermath of protracted periods of low risk premiums.
ALAN GREENSPANCapitalism is based on self-interest and self-esteem; it holds integrity and trustworthiness as cardinal virtues and makes them pay off in the marketplace, thus demanding that men survive by means of virtue, not vices.
More Alan Greenspan Quotes
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Anyone willing to do what is required to become president of the United States is thereby barred from taking that office. I’m only half joking
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Was sort of intellectually shocked. Contagion is the critical phenomenon which causes the thing to fall apart.
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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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In the absence of the gold standard, there is no way to protect savings from confiscation through inflation.
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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.
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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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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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Gold still represents the ultimate form of payment in the world.
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There is no evidence that the business cycle has been repealed.
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Everyone has one. You have to, to exist you need an ideology. The question is whether it is accurate or not.
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It is regrettably the way human nature functions, whether we like it or not. What successful economies do is keep it to a minimum.
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American and British authorities were also concerned about violence in an area that harbors a resource indispensable for the functioning of the word economy.
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An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions.
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Senator, if I seem clear to you, you must have misunderstood me’.
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Since I’ve become a central banker, I’ve learned to mumble with great incoherence.
ALAN GREENSPAN