Deficit spending is simply a scheme for the ‘hidden’ confiscation of wealth.
ALAN GREENSPANCorruption, embezzlement, fraud, these are all characteristics which exist everywhere.
More Alan Greenspan Quotes
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If I seem unduly clear to you, you must have misunderstood what I said.
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As long as we issue fiat currency, I see no alternative to a legal tender law.
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Political decisions are never random and will always lose out to innovative alternatives.
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What an ideology is is a conceptual framework with the way people deal with reality.
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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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Derivatives have permitted the unbundling of financial risks.
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It is this superlatively moral system that the welfare statists propose to improve upon by means of preventative law, snooping bureaucrats, and the chronic goad of fear.
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I was a good amateur but only an average professional. I soon realized that there was a limit to how far I could rise in the music business, so I left the band and enrolled at New York University.
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It signals problems with respect to currency markets. Central banks should pay attention to it.
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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.
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Everyone has one. You have to, to exist you need an ideology. The question is whether it is accurate or not.
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Since I’ve become a central banker, I’ve learned to mumble with great incoherence.
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Regulation – which is based on force and fear – undermines the moral base of business dealings. It becomes cheaper to bribe a building inspector than to meet his standards of construction. Protection of the consumer by regulation is thus illusory.
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Some succeed for a time. But while there may occasionally be mis-configurations among market prices that allow abnormal returns, they do not persist.
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I love facts and figures. It’s like following a detective story, piecing together what’s going on in the economy.
ALAN GREENSPAN






