…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.
ALAN GREENSPANThe worst have failed; investors no longer fund them and are not likely to in the future.
More Alan Greenspan Quotes
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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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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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I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.
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As long as we issue fiat currency, I see no alternative to a legal tender law.
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So there is no reason to suspect that the actual process of boosting rates would be any different.
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Senator, if I seem clear to you, you must have misunderstood me’.
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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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The number of mistakes I have made are just awesome. There is no number large enough to account for that.
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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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Recent episodes in which Fed officials hinted at a shift toward higher interest rates have unleashed significant volatility in markets.
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It seems superfluous to constrain trading in some of the newer derivatives and other innovative financial contracts of the past decade.
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Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.
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Now, I only play very occasionally, and in fact, more piano than clarinet or sax.
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History demonstrates that participants in financial markets are susceptible to waves of optimism.
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If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard.
ALAN GREENSPAN