Gold, unlike all other commodities, is a currency…and the major thrust in the demand for gold is not for jewelry.
ALAN GREENSPANSignificantly opening up immigration to skilled workers solves two problems.
More Alan Greenspan Quotes
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In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.
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When trust is lost, a nation’s ability to transact business is palpably undermined.
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So there is no reason to suspect that the actual process of boosting rates would be any different.
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History has not dealt kindly with the aftermath of protracted periods of low risk premiums.
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American consumers might benefit if lenders provided greater mortgage product alternatives to the traditional fixed-rate mortgage.
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Significantly opening up immigration to skilled workers solves two problems.
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The very nature of finance is that it cannot be profitable unless it is significantly leveraged… and as long as there is debt, there can be failure and contagion.
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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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If we allow terrorism to undermine our freedom of action, we could reverse at least part of the palpable gains achieved by postwar globalization. It is incumbent upon us not to allow that to happen.
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The companies could hire the educated workers they need. And those workers would compete with high-income people, driving more income equality.
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Political decisions are never random and will always lose out to innovative alternatives.
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The free lunch has still to be invented.
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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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No matter how skillful the trading scheme, over the long haul, abnormal returns are sustained only through abnormal exposure to risk.
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While these tendencies were no doubt in train in the “old,” pre-1990s economy, they accelerated over the past decade as a number of technologies with their roots in the cumulative innovations of the past half-century began to yield dramatic economic returns.
ALAN GREENSPAN






