[Republicans] swapped principle for power. They ended up with neither. They deserved to lose.
ALAN GREENSPANWe cannot rule out a situation in which a preemptive policy tightening becomes necessary.
More Alan Greenspan Quotes
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The use of a growing array of derivatives and the related application of more-sophisticated approaches to measuring and managing risk are key factors underpinning the greater resilience of our largest financial institutions…
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If all currencies are moving up or down together, the question is: relative to what? Gold is the canary in the coal mine.
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The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit.
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I’m not denying that monopolies are terrible things, but I am denying that it is readily easy to resolve them through legislation of that nature.
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Credit-default swaps, I think, have serious problems associated with them.
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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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I love facts and figures. It’s like following a detective story, piecing together what’s going on in the economy.
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There is nothing to guarantee the superior judgment, knowledge, and integrity of an inspector or a bureaucrat-and the deadly consequences of entrusting him with arbitrary power are obvious.
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When trust is lost, a nation’s ability to transact business is palpably undermined.
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People dont realize that we cannot forecast the future. What we can do is have probabilities of what causes what, but thats as far as we go. And Ive had a very successful career as a forecaster, starting in 1948 forward.
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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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It is regrettably the way human nature functions, whether we like it or not. What successful economies do is keep it to a minimum.
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Fiat money in extremis is accepted by nobody. Gold is always accepted.
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The increased flexibility of our economy, which has fostered our extraordinary resilience to shocks.
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It signals problems with respect to currency markets. Central banks should pay attention to it.
ALAN GREENSPAN