There is no safe store of value. Deficit spending is simply a scheme for the hidden confiscation of wealth.
ALAN GREENSPANWell, you probably will always believe there should be laws against fraud, and I don’t think there is any need for a law against fraud.
More Alan Greenspan Quotes
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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.
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This is the reason that history has not dealt kindly with the aftermath of protracted periods of low risk premiums.
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History cannot be reduced to a set of statistics and probabilities.
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Even though some down payments are borrowed, it would take a large, and historically most unusual, fall in home prices to wipe out a significant part of home equity.
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And whatever their publicized angst over Saddam Hussein’s ‘weapons of mass destruction.
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And she always has so much fun doing it. We make a good team.
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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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Stripped of its academic jargon, the welfare state is nothing more than a mechanism by which governments confiscate the wealth of the productive members of a society to support a wide variety of welfare schemes.
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Since I’ve become a central banker, I’ve learned to mumble with great incoherence.
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This decade is strewn with examples of bright people who thought they built a better mousetrap that could consistently extract abnormal returns from the financial markets.
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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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Regulators have not been able to achieve the level of future clarity required to act pre-emptively.
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Given our inevitably incomplete knowledge about key structural aspects of our ever-changing economy and the sometimes asymmetric costs or benefits of particular outcomes, a central bank.
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We can see that in the inverse relationship exhibited by price/earnings ratios and the rate of inflation in the past.
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They seem to sense… that gold and economic freedom are inseparable.
ALAN GREENSPAN