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.
ALAN GREENSPANIn 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.
More Alan Greenspan Quotes
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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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Corruption, embezzlement, fraud, these are all characteristics which exist everywhere.
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Was sort of intellectually shocked. Contagion is the critical phenomenon which causes the thing to fall apart.
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Political decisions are never random and will always lose out to innovative alternatives.
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The guiding purpose of the government regulator is to prevent rather than to create something.
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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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I made a mistake in presuming that the self-interests of organisations, specifically banks and others, were such that they were best capable of protecting their own shareholders and their equity in the firms.
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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.
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If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard.
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Since I’ve become a central banker, I’ve learned to mumble with great incoherence.
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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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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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Such caution seems especially warranted with regard to the sharp rise in equity prices during the past two years. These gains have obviously raised questions of sustainability.
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If prices go down, we will have problems – problems in the sense of spillover to other areas.
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Excessive optimism shows the seeds of its own reversal in the form of imbalances that tend to grow over time.
ALAN GREENSPAN