I have found no greater satisfaction than achieving success through honest dealing and strict adherence to the view that, for you to gain, those you deal with should gain as well.
ALAN GREENSPANBefore I met Ayn Rand, I was a logical positivist, and accordingly,
More Alan Greenspan Quotes
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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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The gut-feel of the 55-year old trader is more important than the mathematical elegance of the 25-year old genius.
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Without calling the overall national issue a bubble, it’s pretty clear that it’s an unsustainable underlying pattern.
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It keeps interest rates lower than they otherwise would be and frees savings to finance increases in the capital stock, thereby boosting productivity and real incomes.
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But material success is possible in this world and far more satisfying when it comes without exploiting others.
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If you get beyond the political rhetoric [and assembled a group to solve Social Security] it would take them 15 minutes. It would take them 15 minutes only because 10 minutes was used for pleasantries.
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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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We as central bankers need not be concerned if a collapsing financial asset bubble does not threaten to impair the real economy, its production, jobs and price stability.
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If you think you understand what I am saying you do not understand what I am saying.
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It is this superlatively moral system that the welfare statists propose to improve upon by means of preventative law, snooping bureaucrats, and the chronic goad of fear.
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If I seem unduly clear to you, you must have misunderstood what I said.
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Amateurs want to be right. Professionals want to make money.
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The need for values is inbred. Their content is not.
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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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I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.
ALAN GREENSPAN