Fiat money in extremis is accepted by nobody. Gold is always accepted.
ALAN GREENSPANIf all currencies are moving up or down together, the question is: relative to what? Gold is the canary in the coal mine.
More Alan Greenspan Quotes
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We cannot rule out a situation in which a preemptive policy tightening becomes necessary.
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It signals problems with respect to currency markets. Central banks should pay attention to it.
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These days, even out of office, I still read economic reports.
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I love to play tennis and golf, listen to music, watch baseball and root for the Redskins.
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If we are to remain preeminent in transforming knowledge into economic value, America’s system of higher education must remain the world’s leader in generating scientific and technological breakthrough, and in meeting the challenge to educate workers.
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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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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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How do we know when irrational exuberance has unduly escalated asset values?
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Significantly opening up immigration to skilled workers solves two problems.
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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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The Iraq War is largely about oil.
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Derivatives have permitted the unbundling of financial risks.
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And she always has so much fun doing it. We make a good team.
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I’m always amazed that my wife can handle different subjects – one day politics, the next day foreign policy.
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Without calling the overall national issue a bubble, it’s pretty clear that it’s an unsustainable underlying pattern.
ALAN GREENSPAN