Any informed borrower is simply less vulnerable to fraud and abuse.
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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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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The problem is not lack of regulation but unrealistic expectations. What we confront in reality is uncertainty, some of it frighteningly so…
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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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Then fear hits, and it comes down very sharply. When I started to look at that.
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History cannot be reduced to a set of statistics and probabilities.
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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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We will have more crises and none of them will look like this because no two crises have anything in common except human nature.
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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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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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There’s an interesting question here because if the gold price broke in that context, the thermometer would not be just a measuring tool. It would basically affect the underlying psychology.
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I didn’t believe in absolutes, moral or otherwise. If I couldn’t prove a proposition with facts and figures, it was without merit.
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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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Even though some down payments are borrowed, it would take a large, and historically most unusual, fall in home prices to wipe out a significant part of home equity.
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Yet deregulation set the stage for an enormous wave of creative destruction in the 1980s.
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Now, I only play very occasionally, and in fact, more piano than clarinet or sax.
ALAN GREENSPAN