I have long argued that paying down the national debt is beneficial for the economy.
ALAN GREENSPANI’m a plain soap kind of guy.
More Alan Greenspan Quotes
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An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions.
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If I say something which you understand fully in this regard, I probably made a mistake.
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Many of those who purchased their residence more than a year ago have equity buffers in their homes adequate to withstand any price decline other than a very deep one.
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These days, even out of office, I still read economic reports.
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The true measure of a career is to be able to be content, even proud, that you succeeded through your own endeavors without leaving a trail of casualties in your wake.
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Cash is available and we should use that in larger amounts, as is necessary, to solve the problems of the stress of this.
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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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Excessive optimism shows the seeds of its own reversal in the form of imbalances that tend to grow over time.
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Some succeed for a time. But while there may occasionally be mis-configurations among market prices that allow abnormal returns, they do not persist.
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Derivatives have permitted the unbundling of financial risks.
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I love facts and figures. It’s like following a detective story, piecing together what’s going on in the economy.
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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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I guess I should warn you, if I turn out to be particularly clear, you’ve probably misunderstood what I’ve said.
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We will have more crises and none of them will look like this because no two crises have anything in common except human nature.
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Such caution seems especially warranted with regard to the sharp rise in equity prices during the past two years. These gains have obviously raised questions of sustainability.
ALAN GREENSPAN