Those of us who have looked to the self-interest of lending institutions to protect shareholders’ equity are in a state of shocked disbelief.
ALAN GREENSPANWhat an ideology is is a conceptual framework with the way people deal with reality.
More Alan Greenspan Quotes
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They seem to sense… that gold and economic freedom are inseparable.
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The need for values is inbred. Their content is not.
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The tub helps me relax, and it’s a great place to read.
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The very nature of finance is that it cannot be profitable unless it is significantly leveraged… and as long as there is debt, there can be failure and contagion.
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What we have found over the years in the marketplace is that derivatives have been an extraordinarily useful vehicle to transfer risk from those who shouldn’t be taking it to those who are willing to and are capable of doing so.
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The number one problem in today’s generation and economy is the lack of financial literacy.
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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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Market financed withdrawals of home equity in recent years.
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Corruption, embezzlement, fraud, these are all characteristics which exist everywhere.
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It seems superfluous to constrain trading in some of the newer derivatives and other innovative financial contracts of the past decade.
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If you think you understand what I am saying you do not understand what I am saying.
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I have long argued that paying down the national debt is beneficial for the economy.
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Rules cannot take the place of character.
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No one has ever eliminated any of that stuff.
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If we were to do that we would increase the supply of skilled workers that our schools have been unable to create and as a consequence of that we would lower the average wage of skills and reduce the degree of income inequality in this country.
ALAN GREENSPAN