The number of mistakes I have made are just awesome. There is no number large enough to account for that.
ALAN GREENSPANI am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.
More Alan Greenspan Quotes
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American and British authorities were also concerned about violence in an area that harbors a resource indispensable for the functioning of the word economy.
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…our market system depends critically on trust-trust in the word of our colleagues and trust in the word of those with whom we do business.
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The free lunch has still to be invented.
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The companies could hire the educated workers they need. And those workers would compete with high-income people, driving more income equality.
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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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I’m a better economist than I was a sax player.
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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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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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Productivity is notoriously difficult to predict.
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Recent episodes in which Fed officials hinted at a shift toward higher interest rates have unleashed significant volatility in markets.
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If I’ve made myself clear, I’ve misspoken.
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Such caution seems especially warranted with regard to the sharp rise in equity prices during the past two years. These gains have obviously raised questions of sustainability.
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Gold, unlike all other commodities, is a currency…and the major thrust in the demand for gold is not for jewelry.
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It’s hard to overemphasize how important Ford’s deregulation was. True, most of the benefits took years to unfold-rail freight rates, for example hardly budged at first.
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In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.
ALAN GREENSPAN