Regulators have not been able to achieve the level of future clarity required to act pre-emptively.
ALAN GREENSPANThe free lunch has still to be invented.
More Alan Greenspan Quotes
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Excessive optimism sows the seeds of its own reversal.
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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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In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.
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These days, even out of office, I still read economic reports.
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Amateurs want to be right. Professionals want to make money.
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But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over the past decade?
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Anything that we can do to raise personal savings is very much in the interest of this country.
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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 use of a growing array of derivatives and the related application of more-sophisticated approaches to measuring and managing risk are key factors underpinning the greater resilience of our largest financial institutions…
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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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I’m a plain soap kind of guy.
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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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This is the reason that history has not dealt kindly with the aftermath of protracted periods of low risk premiums.
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But material success is possible in this world and far more satisfying when it comes without exploiting others.
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Cash is available and we should use that in larger amounts, as is necessary, to solve the problems of the stress of this.
ALAN GREENSPAN