Without the triggers, that tax cut is irreponsible fiscal policy. Eventually, I think that will be the consensus view.
ALAN GREENSPANIf prices go down, we will have problems – problems in the sense of spillover to other areas.
More Alan Greenspan Quotes
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I’m a plain soap kind of guy.
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It’s not for anything other than an escape from what is perceived to be a fiat money system, paper money, that seems to be deteriorating.
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Everyone has one. You have to, to exist you need an ideology. The question is whether it is accurate or not.
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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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Gold still represents the ultimate form of payment in the world.
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Whatever you tax you get less of.
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To succeed, you will soon learn, as I did, the importance of a solid foundation in the basics of education – literacy, both verbal and numerical, and communication skills.
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History cannot be reduced to a set of statistics and probabilities.
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I came to a stark realization: chronic surpluses could be almost as destabilizing as chronic deficits.
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Senator, if I seem clear to you, you must have misunderstood me’.
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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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But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over the past decade?
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If I’ve made myself clear, I’ve misspoken.
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They seem to sense… that gold and economic freedom are inseparable.
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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.
ALAN GREENSPAN