Credit-default swaps, I think, have serious problems associated with them.
ALAN GREENSPANFear and euphoria are dominant forces, and fear is many multiples the size of euphoria. Bubbles go up very slowly as euphoria builds.
More Alan Greenspan Quotes
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Deficit spending is simply a scheme for the ‘hidden’ confiscation of wealth.
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I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.
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There is no evidence that the business cycle has been repealed.
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In the absence of the gold standard, there is no way to protect savings from confiscation through inflation.
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The use of a growing array of derivatives and the related application of more-sophisticated approaches to measuring and managing risk are key factors underpinning the greater resilience of our largest financial institutions…
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Significantly opening up immigration to skilled workers solves two problems.
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This decade is strewn with examples of bright people who thought they built a better mousetrap that could consistently extract abnormal returns from the financial markets.
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Anyone willing to do what is required to become president of the United States is thereby barred from taking that office. I’m only half joking
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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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Fiat money in extremis is accepted by nobody. Gold is always accepted.
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[Republicans] swapped principle for power. They ended up with neither. They deserved to lose.
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Unfortunately, Senator, nobody knows where the next innovative idea is coming from.
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The tub helps me relax, and it’s a great place to read.
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The current financial crisis in the US is likely to be judged in retrospect as the most wrenching since the end of the Second World War.
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When trust is lost, a nation’s ability to transact business is palpably undermined.
ALAN GREENSPAN