I must say, I never expected to see the day where I would be talking about anything other than reducing the debt, I’m running into the tyranny of zero, which is where you can’t reduce (the debt) any more
ALAN GREENSPANProtectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.
More Alan Greenspan Quotes
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We cannot rule out a situation in which a preemptive policy tightening becomes necessary.
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I’m a plain soap kind of guy.
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Before I met Ayn Rand, I was a logical positivist, and accordingly,
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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.
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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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The increased flexibility of our economy, which has fostered our extraordinary resilience to shocks.
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If I say something which you understand fully in this regard, I probably made a mistake.
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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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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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I didn’t believe in absolutes, moral or otherwise. If I couldn’t prove a proposition with facts and figures, it was without merit.
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Those of us who have looked to the self-interest of lending institutions to protect shareholders’ equity are in a state of shocked disbelief.
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If I’ve made myself clear, I’ve misspoken.
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Market financed withdrawals of home equity in recent years.
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Need to consider not only the most likely future path for the economy but also the distribution of possible outcomes about that path.
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I made a mistake in presuming that the self-interests of organisations, specifically banks and others, were such that they were best capable of protecting their own shareholders and their equity in the firms.
ALAN GREENSPAN