Anything that we can do to raise personal savings is very much in the interest of this country.
ALAN GREENSPANHistory cannot be reduced to a set of statistics and probabilities.
More Alan Greenspan Quotes
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Any onset of increased investor caution elevates risk premiums and, as a consequence, lowers asset values and promotes the liquidation of the debt that supported higher asset prices.
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If all currencies are moving up or down together, the question is: relative to what? Gold is the canary in the coal mine.
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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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We may be in a rapidly evolving international financial system with all the bells and whistles of the so-called new economy. But the old-economy rules of prudence are as formidable as ever. We violate them at our own peril.
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It signals problems with respect to currency markets. Central banks should pay attention to it.
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The tub helps me relax, and it’s a great place to read.
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The companies could hire the educated workers they need. And those workers would compete with high-income people, driving more income equality.
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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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We can see that in the inverse relationship exhibited by price/earnings ratios and the rate of inflation in the past.
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Need to consider not only the most likely future path for the economy but also the distribution of possible outcomes about that path.
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Indeed, better risk management may be the only truly necessary element of success in banking.
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History has not dealt kindly with the aftermath of protracted periods of low risk premiums.
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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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The very nature of finance is that it cannot be profitable unless it is significantly leveraged… and as long as there is debt, there can be failure and contagion.
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Recent episodes in which Fed officials hinted at a shift toward higher interest rates have unleashed significant volatility in markets.
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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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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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History cannot be reduced to a set of statistics and probabilities.
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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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The problem is not lack of regulation but unrealistic expectations. What we confront in reality is uncertainty, some of it frighteningly so…
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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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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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Capitalism 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.
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The number one problem in today’s generation and economy is the lack of financial literacy.
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This is the reason that history has not dealt kindly with the aftermath of protracted periods of low risk premiums.
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I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.
ALAN GREENSPAN