In general, corruption tends to exist whenever governments have favors to extend, or something to sell.
ALAN GREENSPANIf one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard.
More Alan Greenspan Quotes
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Amateurs want to be right. Professionals want to make money.
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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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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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I made a mistake in presuming that the self-interests of organisations, specifically banks and others, were such that they were best capable of protecting their own shareholders and their equity in the firms.
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Gold, unlike all other commodities, is a currency…and the major thrust in the demand for gold is not for jewelry.
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Anything that we can do to raise personal savings is very much in the interest of this country.
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Market financed withdrawals of home equity in recent years.
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I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.
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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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Corruption, embezzlement, fraud, these are all characteristics which exist everywhere.
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If you get beyond the political rhetoric [and assembled a group to solve Social Security] it would take them 15 minutes. It would take them 15 minutes only because 10 minutes was used for pleasantries.
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The only effective regulation lies in the propensity of customers to choose alternatives, of investors to move their funds elsewhere and of labour to acquire technical skills’.
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The problem is not lack of regulation but unrealistic expectations. What we confront in reality is uncertainty, some of it frighteningly so…
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Although the outlook is clouded by a number of uncertainties, the central tendencies of the projections .. imply continued good economic performance in the United States.
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Unfortunately, Senator, nobody knows where the next innovative idea is coming from.
ALAN GREENSPAN