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If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard.

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Antagonism Difficulty Gold Grasp Standard Statistic Understanding

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Fiat money in extremis is accepted by nobody. Gold is always accepted.
ALAN GREENSPAN

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As long as we issue fiat currency, I see no alternative to a legal tender law.
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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.
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I have long argued that paying down the national debt is beneficial for the economy.
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We cannot rule out a situation in which a preemptive policy tightening becomes necessary.
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I’ve always argued that this country has benefited immensely from the fact that we draw people from all over the world.
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[Republicans] swapped principle for power. They ended up with neither. They deserved to lose.
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Senator, if I seem clear to you, you must have misunderstood me’.
ALAN GREENSPAN

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I have found no greater satisfaction than achieving success through honest dealing and strict adherence to the view that, for you to gain, those you deal with should gain as well.
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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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There are no easy choices. Easy choices are long gone.
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Derivatives have permitted the unbundling of financial risks.
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Any informed borrower is simply less vulnerable to fraud and abuse.
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I’m a better economist than I was a sax player.
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To succeed, you will soon learn, as I did, the importance of a solid foundation in the basics of education – literacy, both verbal and numerical, and communication skills.
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If I seem unduly clear to you, you must have misunderstood what I said.
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