If I say something which you understand fully in this regard, I probably made a mistake.
ALAN GREENSPANIt seems superfluous to constrain trading in some of the newer derivatives and other innovative financial contracts of the past decade.
More Alan Greenspan Quotes
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I have found no greater satisfaction than achieving success through honest dealing and strict adherence to the view that, for you to gain, those you deal with should gain as well.
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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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Regulation of derivatives transactions that are privately negotiated by professionals is unnecessary.
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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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They seem to sense… that gold and economic freedom are inseparable.
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It’s a bubble. It has to have intrinsic value. You have to really stretch your imagination to infer what the intrinsic value of Bitcoin is. I haven’t been able to do it. Maybe somebody else can.
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While local economies may experience significant price imbalances, a national severe price distortion seems most unlikely in the United States, given its size and diversity.
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I think that real pressure is going to occur not by the initiation by the Federal Reserve, but by the markets themselves.
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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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And the percentage changes in wage rates would be the same for all job grades.
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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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Capitalism is based on self-interest and self-esteem; it holds integrity and trustworthiness as cardinal virtues and makes them pay off in the marketplace, thus demanding that men survive by means of virtue, not vices.
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How do we know when irrational exuberance has unduly escalated asset values?
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Excessive optimism sows the seeds of its own reversal.
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Unfortunately, Senator, nobody knows where the next innovative idea is coming from.
ALAN GREENSPAN