Well, you probably will always believe there should be laws against fraud, and I don’t think there is any need for a law against fraud.
ALAN GREENSPANPeople dont realize that we cannot forecast the future. What we can do is have probabilities of what causes what, but thats as far as we go. And Ive had a very successful career as a forecaster, starting in 1948 forward.
More Alan Greenspan Quotes
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I was a good amateur but only an average professional. I soon realized that there was a limit to how far I could rise in the music business, so I left the band and enrolled at New York University.
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It’s not for anything other than an escape from what is perceived to be a fiat money system, paper money, that seems to be deteriorating.
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Those of us who have looked to the self-interest of lending institutions to protect shareholders’ equity are in a state of shocked disbelief.
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There is nothing to guarantee the superior judgment, knowledge, and integrity of an inspector or a bureaucrat-and the deadly consequences of entrusting him with arbitrary power are obvious.
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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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Fiat money in extremis is accepted by nobody. Gold is always accepted.
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There is no safe store of value. Deficit spending is simply a scheme for the hidden confiscation of wealth.
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Whatever you tax you get less of.
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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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These days, even out of office, I still read economic reports.
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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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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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We ought to be opening up our borders to skilled labour from all parts of the world because [the state of the world is as follows: ].
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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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I’m always amazed that my wife can handle different subjects – one day politics, the next day foreign policy.
ALAN GREENSPAN