Greenspan, who knew so much more than most, knew far less than most supposed.
ALAN GREENSPANPolitical decisions are never random and will always lose out to innovative alternatives.
More Alan Greenspan Quotes
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Revolutions are something you see only in retrospect.
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The more flexible an economy, the greater its ability to self-correct in response to inevitable, often unanticipated, disturbances and thus to contain the size and consequences of cyclical imbalances.
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It’s hard to overemphasize how important Ford’s deregulation was. True, most of the benefits took years to unfold-rail freight rates, for example hardly budged at first.
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We are in the midst of a once-in-a-century credit tsunami. Central banks and governments are being required to take unprecedented measures.
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The economy is turning, and credit comes in with a lag, .. To the extent that a number of small firms are finding it difficult to get the credit they need at a price they can afford, that’s likely to change for the better.
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Since I’ve become a central banker, I’ve learned to mumble with great incoherence.
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The Iraq War is largely about oil.
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Deficit spending is simply a scheme for the confiscation of wealth.If I seem unduly clear to you, you must have misunderstood what I said.
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Political decisions are never random and will always lose out to innovative alternatives.
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Corruption, embezzlement, fraud, these are all characteristics which exist everywhere.
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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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If I say something which you understand fully in this regard, I probably made a mistake.
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Senator, if I seem clear to you, you must have misunderstood me’.
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Fiat money in extremis is accepted by nobody. Gold is always accepted.
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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?
ALAN GREENSPAN