I was raising the question on the side with Governor Mullins of what would happen if the Treasury sold a little gold in this market.
ALAN GREENSPANHow do we know when irrational exuberance has unduly escalated asset values?
More Alan Greenspan Quotes
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How do we know when irrational exuberance has unduly escalated asset values?
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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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And whatever their publicized angst over Saddam Hussein’s ‘weapons of mass destruction.
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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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Even though some down payments are borrowed, it would take a large, and historically most unusual, fall in home prices to wipe out a significant part of home equity.
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The recent evidence increasingly suggests that an economic expansion is already well under way, although an array of influences unique to this business cycle seems likely to moderate its speed.
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Regulators have not been able to achieve the level of future clarity required to act pre-emptively.
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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 don’t think it’s possible for the Fed to end its easy-money policies in a trouble-free manner.
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In general, corruption tends to exist whenever governments have favors to extend, or something to sell.
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Stripped of its academic jargon, the welfare state is nothing more than a mechanism by which governments confiscate the wealth of the productive members of a society to support a wide variety of welfare schemes.
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Fiat money in extremis is accepted by nobody. Gold is always accepted.
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American consumers might benefit if lenders provided greater mortgage product alternatives to the traditional fixed-rate mortgage.
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[Republicans] swapped principle for power. They ended up with neither. They deserved to lose.
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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.
ALAN GREENSPAN