We can see that in the inverse relationship exhibited by price/earnings ratios and the rate of inflation in the past.
ALAN GREENSPANThere are no easy choices. Easy choices are long gone.
More Alan Greenspan Quotes
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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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Greenspan, who knew so much more than most, knew far less than most supposed.
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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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If I’ve made myself clear, I’ve misspoken.
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Unfortunately, Senator, nobody knows where the next innovative idea is coming from.
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What we have found over the years in the marketplace is that derivatives have been an extraordinarily useful vehicle to transfer risk from those who shouldn’t be taking it to those who are willing to and are capable of doing so.
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The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default.
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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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Anything that we can do to raise personal savings is very much in the interest of this country.
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Stripped of its academic jargon, the welfare state is nothing more than a mechanism by which governments confiscate the wealth of the productive members of a society to support a wide variety of welfare schemes.
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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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Gold still represents the ultimate form of payment in the world.
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If we are dealing with psychology, then the thermometers one uses to measure it have an effect.
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I’m always amazed that my wife can handle different subjects – one day politics, the next day foreign policy.
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The process of innovation is, of course, never ending.
ALAN GREENSPAN