They seem to sense… that gold and economic freedom are inseparable.
ALAN GREENSPANBefore I met Ayn Rand, I was a logical positivist, and accordingly,
More Alan Greenspan Quotes
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Political decisions are never random and will always lose out to innovative alternatives.
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And she always has so much fun doing it. We make a good team.
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The only effective regulation lies in the propensity of customers to choose alternatives, of investors to move their funds elsewhere and of labour to acquire technical skills’.
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It is decidedly not true that “nice guys finish last,” as that highly original American baseball philosopher, Leo Durocher, was alleged to have said.
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I believe that the general growth in large [financial] institutions have occurred in the context of an underlying structure of markets in which many of the larger risks are dramatically — I should say, fully — hedged.
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I was raising the question on the side with Governor Mullins of what would happen if the Treasury sold a little gold in this market.
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The arts develop skills and habits of mind that are important for workers in the new economy of ideas.
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Amateurs want to be right. Professionals want to make money.
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Enhances a person’s ability to handle the more ambiguous and qualitative relationships that dominate our day-to-day financial decision-making
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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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The process of innovation is, of course, never ending.
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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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Gold stands in the way of this insidious process. It stands as a protector of property rights.
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The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit.
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Without the triggers, that tax cut is irreponsible fiscal policy. Eventually, I think that will be the consensus view.
ALAN GREENSPAN






