No one has ever eliminated any of that stuff.
ALAN GREENSPANAnd whatever their publicized angst over Saddam Hussein’s ‘weapons of mass destruction.
More Alan Greenspan Quotes
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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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History has not dealt kindly with the aftermath of protracted periods of low risk premiums.
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I don’t think it’s possible for the Fed to end its easy-money policies in a trouble-free manner.
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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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It signals problems with respect to currency markets. Central banks should pay attention to it.
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Productivity is notoriously difficult to predict.
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But rules cannot substitute for character.
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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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They seem to sense… that gold and economic freedom are inseparable.
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No matter how skillful the trading scheme, over the long haul, abnormal returns are sustained only through abnormal exposure to risk.
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And whatever their publicized angst over Saddam Hussein’s ‘weapons of mass destruction.
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If I say something which you understand fully in this regard, I probably made a mistake.
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Regulation of derivatives transactions that are privately negotiated by professionals is unnecessary.
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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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There is nothing to guarantee the superior judgment, knowledge, and integrity of an inspector or a bureaucrat-and the deadly consequences of entrusting him with arbitrary power are obvious.
ALAN GREENSPAN






