If all currencies are moving up or down together, the question is: relative to what? Gold is the canary in the coal mine.
ALAN GREENSPANSignificantly opening up immigration to skilled workers solves two problems.
More Alan Greenspan Quotes
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We cannot rule out a situation in which a preemptive policy tightening becomes necessary.
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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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Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.
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If we are to remain preeminent in transforming knowledge into economic value, America’s system of higher education must remain the world’s leader in generating scientific and technological breakthrough, and in meeting the challenge to educate workers.
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American and British authorities were also concerned about violence in an area that harbors a resource indispensable for the functioning of the word economy.
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Senator, if I seem clear to you, you must have misunderstood me’.
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…our market system depends critically on trust-trust in the word of our colleagues and trust in the word of those with whom we do business.
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We as central bankers need not be concerned if a collapsing financial asset bubble does not threaten to impair the real economy, its production, jobs and price stability.
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Greenspan, who knew so much more than most, knew far less than most supposed.
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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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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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As long as we issue fiat currency, I see no alternative to a legal tender law.
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I’m always amazed that my wife can handle different subjects – one day politics, the next day foreign policy.
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Anyone willing to do what is required to become president of the United States is thereby barred from taking that office. I’m only half joking
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If we are dealing with psychology, then the thermometers one uses to measure it have an effect.
ALAN GREENSPAN