In the absence of the gold standard, there is no way to protect savings from confiscation through inflation.
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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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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No matter how skillful the trading scheme, over the long haul, abnormal returns are sustained only through abnormal exposure to risk.
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The recent period has been marked by a transformation to an economy that is more productive as competitive forces become increasingly intense and new technologies raise the efficiency of our businesses…
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Institutions of the newer participants in global finance had not been tested, until recently…recent crisis have underscored certain financial structure vulnerabilities that are not readily assuaged in the short run.
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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.
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And whatever their publicized angst over Saddam Hussein’s ‘weapons of mass destruction.
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The recent evidence increasingly suggests that an economic expansion is already well under way, although an array of influences unique to this business cycle seems likely to moderate its speed.
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The number one problem in today’s generation and economy is the lack of financial literacy.
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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 need, in effect, to make the phantom ‘lock-boxes’ around the trust fund real.
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Many of those who purchased their residence more than a year ago have equity buffers in their homes adequate to withstand any price decline other than a very deep one.
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I love to play tennis and golf, listen to music, watch baseball and root for the Redskins.
ALAN GREENSPAN -
American consumers might benefit if lenders provided greater mortgage product alternatives to the traditional fixed-rate mortgage.
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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.
ALAN GREENSPAN -
Amateurs want to be right. Professionals want to make money.
ALAN GREENSPAN