The worst have failed; investors no longer fund them and are not likely to in the future.
ALAN GREENSPANI don’t think it’s possible for the Fed to end its easy-money policies in a trouble-free manner.
More Alan Greenspan Quotes
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Then fear hits, and it comes down very sharply. When I started to look at that.
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While local economies may experience significant price imbalances, a national severe price distortion seems most unlikely in the United States, given its size and diversity.
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Corruption, embezzlement, fraud, these are all characteristics which exist everywhere.
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The guiding purpose of the government regulator is to prevent rather than to create something.
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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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Greenspan, who knew so much more than most, knew far less than most supposed.
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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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I love facts and figures. It’s like following a detective story, piecing together what’s going on in the economy.
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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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History demonstrates that participants in financial markets are susceptible to waves of optimism.
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There is no safe store of value. Deficit spending is simply a scheme for the hidden confiscation of wealth.
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Gold, unlike all other commodities, is a currency…and the major thrust in the demand for gold is not for jewelry.
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But rules cannot substitute for character.
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Clearly, sustained low inflation implies less uncertainty about the future, and lower risk premiums imply higher prices of stocks and other earning assets.
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It is this superlatively moral system that the welfare statists propose to improve upon by means of preventative law, snooping bureaucrats, and the chronic goad of fear.
ALAN GREENSPAN