Gold, unlike all other commodities, is a currency…and the major thrust in the demand for gold is not for jewelry.
ALAN GREENSPANI’ve always argued that this country has benefited immensely from the fact that we draw people from all over the world.
More Alan Greenspan Quotes
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I have long argued that paying down the national debt is beneficial for the economy.
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Excessive optimism sows the seeds of its own reversal.
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The guiding purpose of the government regulator is to prevent rather than to create something.
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Derivatives have permitted the unbundling of financial risks.
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The current financial crisis in the US is likely to be judged in retrospect as the most wrenching since the end of the Second World War.
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We cannot rule out a situation in which a preemptive policy tightening becomes necessary.
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If we allow terrorism to undermine our freedom of action, we could reverse at least part of the palpable gains achieved by postwar globalization. It is incumbent upon us not to allow that to happen.
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This decade is strewn with examples of bright people who thought they built a better mousetrap that could consistently extract abnormal returns from the financial markets.
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I’m a better economist than I was a sax player.
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As long as we issue fiat currency, I see no alternative to a legal tender law.
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Gold still represents the ultimate form of payment in the world.
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Rules cannot take the place of character.
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In the absence of the gold standard, there is no way to protect savings from confiscation through inflation.
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Institutions of the newer participants in global finance had not been tested, until recently…recent crisis have underscored certain financial structure vulnerabilities that are not readily assuaged in the short run.
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Enhances a person’s ability to handle the more ambiguous and qualitative relationships that dominate our day-to-day financial decision-making
ALAN GREENSPAN