The true measure of a career is to be able to be content, even proud, that you succeeded through your own endeavors without leaving a trail of casualties in your wake.
ALAN GREENSPANThe free lunch has still to be invented.
More Alan Greenspan Quotes
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They seem to sense… that gold and economic freedom are inseparable.
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While these tendencies were no doubt in train in the “old,” pre-1990s economy, they accelerated over the past decade as a number of technologies with their roots in the cumulative innovations of the past half-century began to yield dramatic economic returns.
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The Iraq War is largely about oil.
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…our market system depends critically on trust-trust in the word of our colleagues and trust in the word of those with whom we do business.
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Before I met Ayn Rand, I was a logical positivist, and accordingly,
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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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A decline in the national housing price level would need to be substantial to trigger a significant rise in foreclosures, because the vast majority of homeowners have built up substantial equity in their homes despite large mortgage.
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Nor can private counterparties restrict supplies of gold, another commodity whose derivatives are often traded over-the-counter, where central banks stand ready to lease gold in increasing quantities should the price rise.
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The need for values is inbred. Their content is not.
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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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I’m a plain soap kind of guy.
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Fiat money in extremis is accepted by nobody. Gold is always accepted.
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The current financial crisis in the US is likely to be judged in retrospect as the most wrenching since the end of the Second World War.
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To succeed, you will soon learn, as I did, the importance of a solid foundation in the basics of education – literacy, both verbal and numerical, and communication skills.
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Indeed, better risk management may be the only truly necessary element of success in banking.
ALAN GREENSPAN