If you get beyond the political rhetoric [and assembled a group to solve Social Security] it would take them 15 minutes. It would take them 15 minutes only because 10 minutes was used for pleasantries.
ALAN GREENSPANWe need, in effect, to make the phantom ‘lock-boxes’ around the trust fund real.
More Alan Greenspan Quotes
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Gold stands in the way of this insidious process. It stands as a protector of property rights.
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It’s not for anything other than an escape from what is perceived to be a fiat money system, paper money, that seems to be deteriorating.
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But rules cannot substitute for character.
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History has not dealt kindly with the aftermath of protracted periods of low risk premiums.
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Excessive optimism sows the seeds of its own reversal.
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Some succeed for a time. But while there may occasionally be mis-configurations among market prices that allow abnormal returns, they do not persist.
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An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions.
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The tub helps me relax, and it’s a great place to read.
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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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The free lunch has still to be invented.
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The arts develop skills and habits of mind that are important for workers in the new economy of ideas.
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I have long argued that paying down the national debt is beneficial for the economy.
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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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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.
ALAN GREENSPAN -
The problem is not lack of regulation but unrealistic expectations. What we confront in reality is uncertainty, some of it frighteningly so…
ALAN GREENSPAN