If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard.
ALAN GREENSPANI guess I should warn you, if I turn out to be particularly clear, you’ve probably misunderstood what I’ve said.
More Alan Greenspan Quotes
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I love to play tennis and golf, listen to music, watch baseball and root for the Redskins.
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Any informed borrower is simply less vulnerable to fraud and abuse.
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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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Amateurs want to be right. Professionals want to make money.
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Cash is available and we should use that in larger amounts, as is necessary, to solve the problems of the stress of this.
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The number of mistakes I have made are just awesome. There is no number large enough to account for that.
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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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It’s hard to overemphasize how important Ford’s deregulation was. True, most of the benefits took years to unfold-rail freight rates, for example hardly budged at first.
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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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Skilled shortages in America exist because we are shielding our skilled labor force from world competition. [Visa quotas] have been substituted for the wage pricing mechanism.
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Even though some down payments are borrowed, it would take a large, and historically most unusual, fall in home prices to wipe out a significant part of home equity.
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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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When trust is lost, a nation’s ability to transact business is palpably undermined.
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They seem to sense… that gold and economic freedom are inseparable.
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The gut-feel of the 55-year old trader is more important than the mathematical elegance of the 25-year old genius.
ALAN GREENSPAN