I have long argued that paying down the national debt is beneficial for the economy.
ALAN GREENSPANSenator, we are groping for understanding, the knowledge you assume I possess doesn’t exist’.
More Alan Greenspan Quotes
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In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.
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In an economy that already has lost some momentum, one must remain alert to the possibility that greater caution and weakening asset values in financial markets could signal or precipitate an excessive softening in household and business spending.
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Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.
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People dont realize that we cannot forecast the future. What we can do is have probabilities of what causes what, but thats as far as we go. And Ive had a very successful career as a forecaster, starting in 1948 forward.
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Revolutions are something you see only in retrospect.
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The process of innovation is, of course, never ending.
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The recent period has been marked by a transformation to an economy that is more productive as competitive forces become increasingly intense and new technologies raise the efficiency of our businesses…
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And the percentage changes in wage rates would be the same for all job grades.
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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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There are no easy choices. Easy choices are long gone.
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The guiding purpose of the government regulator is to prevent rather than to create something.
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Since I’ve become a central banker, I’ve learned to mumble with great incoherence.
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While local economies may experience significant price imbalances, a national severe price distortion seems most unlikely in the United States, given its size and diversity.
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I do not deny that many appear to have succeeded in a material way by cutting corners and by manipulating associates, both in their professional and in their personal lives.
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It’s a bubble. It has to have intrinsic value. You have to really stretch your imagination to infer what the intrinsic value of Bitcoin is. I haven’t been able to do it. Maybe somebody else can.
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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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Significantly opening up immigration to skilled workers solves two problems.
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And she always has so much fun doing it. We make a good team.
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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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Deficit spending is simply a scheme for the confiscation of wealth.If I seem unduly clear to you, you must have misunderstood what I said.
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Gold, unlike all other commodities, is a currency…and the major thrust in the demand for gold is not for jewelry.
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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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I’m not denying that monopolies are terrible things, but I am denying that it is readily easy to resolve them through legislation of that nature.
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If I say something which you understand fully in this regard, I probably made a mistake.
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Amateurs want to be right. Professionals want to make money.
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Political decisions are never random and will always lose out to innovative alternatives.
ALAN GREENSPAN