Before I met Ayn Rand, I was a logical positivist, and accordingly,
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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Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.
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The Iraq War is largely about oil.
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Market financed withdrawals of home equity in recent years.
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We can guarantee cash benefits as far out and at whatever size you like, but we cannot guarantee their purchasing power.
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Was sort of intellectually shocked. Contagion is the critical phenomenon which causes the thing to fall apart.
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By far the most significant event in finance during the past decade has been the extraordinary development and expansion of financial derivatives.
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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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Fiat money in extremis is accepted by nobody. Gold is always accepted.
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Corruption, embezzlement, fraud, these are all characteristics which exist everywhere.
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Any informed borrower is simply less vulnerable to fraud and abuse.
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History demonstrates that participants in financial markets are susceptible to waves of optimism.
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You can’t have the capitalist system if an increasing number of people think it is unjust.
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Gold still represents the ultimate form of payment in the world.
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If we are dealing with psychology, then the thermometers one uses to measure it have an effect.
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Remember what we’re looking at. Gold is a currency. It is still, by all evidence, a premier currency, that no fiat currency, including the dollar, can match.
ALAN GREENSPAN