Fiat money in extremis is accepted by nobody. Gold is always accepted.
ALAN GREENSPANAnd whatever their publicized angst over Saddam Hussein’s ‘weapons of mass destruction.
More Alan Greenspan Quotes
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Before I met Ayn Rand, I was a logical positivist, and accordingly,
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No one has ever eliminated any of that stuff.
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I’m a better economist than I was a sax player.
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I cannot conceive of a politically feasible solution to this problem which will overdo cutting the deficit, where overdoing means harming the economy. It might be technically possible, but it is not realistic.
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When trust is lost, a nation’s ability to transact business is palpably undermined.
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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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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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The companies could hire the educated workers they need. And those workers would compete with high-income people, driving more income equality.
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All taxes are a drag on economic growth. It’s only a question of degree.
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Although the outlook is clouded by a number of uncertainties, the central tendencies of the projections .. imply continued good economic performance in the United States.
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American and British authorities were also concerned about violence in an area that harbors a resource indispensable for the functioning of the word economy.
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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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Some succeed for a time. But while there may occasionally be mis-configurations among market prices that allow abnormal returns, they do not persist.
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And the percentage changes in wage rates would be the same for all job grades.
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If I’ve made myself clear, I’ve misspoken.
ALAN GREENSPAN