When trust is lost, a nation’s ability to transact business is palpably undermined.
ALAN GREENSPANGold stands in the way of this insidious process. It stands as a protector of property rights.
More Alan Greenspan Quotes
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Since I’ve become a central banker, I’ve learned to mumble with great incoherence.
ALAN GREENSPAN -
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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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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Was sort of intellectually shocked. Contagion is the critical phenomenon which causes the thing to fall apart.
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There is no safe store of value. Deficit spending is simply a scheme for the hidden confiscation of wealth.
ALAN GREENSPAN -
There is no evidence that the business cycle has been repealed.
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Now, I only play very occasionally, and in fact, more piano than clarinet or sax.
ALAN GREENSPAN -
[Republicans] swapped principle for power. They ended up with neither. They deserved to lose.
ALAN GREENSPAN -
In general, corruption tends to exist whenever governments have favors to extend, or something to sell.
ALAN GREENSPAN -
As long as we issue fiat currency, I see no alternative to a legal tender law.
ALAN GREENSPAN -
Amateurs want to be right. Professionals want to make money.
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The process of innovation is, of course, never ending.
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Regulators have not been able to achieve the level of future clarity required to act pre-emptively.
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If you think you understand what I am saying you do not understand what I am saying.
ALAN GREENSPAN -
The economy is turning, and credit comes in with a lag, .. To the extent that a number of small firms are finding it difficult to get the credit they need at a price they can afford, that’s likely to change for the better.
ALAN GREENSPAN