Recent episodes in which Fed officials hinted at a shift toward higher interest rates have unleashed significant volatility in markets.
ALAN GREENSPANSo there is no reason to suspect that the actual process of boosting rates would be any different.
More Alan Greenspan Quotes
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The arts develop skills and habits of mind that are important for workers in the new economy of ideas.
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We cannot rule out a situation in which a preemptive policy tightening becomes necessary.
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We as central bankers need not be concerned if a collapsing financial asset bubble does not threaten to impair the real economy, its production, jobs and price stability.
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If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard.
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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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Improvements in lending practices driven by information technology have enabled lenders to reach out to households with previously unrecognized borrowing capacities.
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We are in the midst of a once-in-a-century credit tsunami. Central banks and governments are being required to take unprecedented measures.
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As long as we issue fiat currency, I see no alternative to a legal tender law.
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The number of mistakes I have made are just awesome. There is no number large enough to account for that.
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Political decisions are never random and will always lose out to innovative alternatives.
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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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Anything that we can do to raise personal savings is very much in the interest of this country.
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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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It’s not for anything other than an escape from what is perceived to be a fiat money system, paper money, that seems to be deteriorating.
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This is the reason that history has not dealt kindly with the aftermath of protracted periods of low risk premiums.
ALAN GREENSPAN