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.
ALAN GREENSPANWhat an ideology is is a conceptual framework with the way people deal with reality.
More Alan Greenspan Quotes
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Greenspan, who knew so much more than most, knew far less than most supposed.
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Excessive optimism shows the seeds of its own reversal in the form of imbalances that tend to grow over time.
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Given our inevitably incomplete knowledge about key structural aspects of our ever-changing economy and the sometimes asymmetric costs or benefits of particular outcomes, a central bank.
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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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Since I’ve become a central banker, I’ve learned to mumble with great incoherence.
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Market financed withdrawals of home equity in recent years.
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We cannot rule out a situation in which a preemptive policy tightening becomes necessary.
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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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Yet deregulation set the stage for an enormous wave of creative destruction in the 1980s.
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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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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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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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The arts develop skills and habits of mind that are important for workers in the new economy of ideas.
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We ought to be opening up our borders to skilled labour from all parts of the world because [the state of the world is as follows: ].
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The worst have failed; investors no longer fund them and are not likely to in the future.
ALAN GREENSPAN