Alan Greenspan Quotes, Real Quotes, Thinking Quotes

I don't think it's possible for the Fed to end its easy-money policies in a trouble-free manner. Recent episodes in which Fed officials hinted at a shift toward higher interest rates have unleashed significant volatility in markets, so there is no reason to suspect that the actual process of boosting rates would be any different. I think that real pressure is going to occur not by the initiation by the Federal Reserve, but by the markets themselves.

5 years ago

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Tags : Alan Greenspan Quotes , Real Quotes , Thinking Quotes

But rules cannot substitute for character.

5 years ago

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Tags : Alan Greenspan Quotes , Character Quotes

Regulation - which is based on force and fear - undermines the moral base of business dealings. It becomes cheaper to bribe a building inspector than to meet his standards of construction. Protection of the consumer by regulation is thus illusory.

5 years ago

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Tags : Alan Greenspan Quotes , Regulation Quotes , Moral Quotes

I've been in and out of Wall Street since 1949, and I've never seen the type of animosity between government and Wall Street. And I'm not sure where it comes from, but I suspect it's got to do with a general schism in this society which is really becoming ever more destructive.

5 years ago

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Tags : Alan Greenspan Quotes , Wall Quotes , Government Quotes

The free lunch has still to be invented.

5 years ago

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Tags : Alan Greenspan Quotes , Lunch Quotes , Stills Quotes

Cash is available and we should use that in larger amounts, as is necessary, to solve the problems of the stress of this.

5 years ago

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Tags : Alan Greenspan Quotes , Stress Quotes , Use Quotes

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.

5 years ago

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Tags : Alan Greenspan Quotes , Success Quotes , New York Quotes

An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense... that gold and economic freedom are inseparable.

5 years ago

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Tags : Alan Greenspan Quotes , Freedom Quotes , Issues Quotes

Regulators have not been able to achieve the level of future clarity required to act pre-emptively. The problem is not lack of regulation but unrealistic expectations. What we confront in reality is uncertainty, some of it frighteningly so...

5 years ago

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Tags : Alan Greenspan Quotes , Ignorance Quotes , Reality Quotes

Anything that we can do to raise personal savings is very much in the interest of this country.

5 years ago

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Tags : Alan Greenspan Quotes , Country Quotes , Philosophy Quotes

I love to play tennis and golf, listen to music, watch baseball and root for the Redskins.

5 years ago

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Tags : Alan Greenspan Quotes , Baseball Quotes , Golf Quotes

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.

5 years ago

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Tags : Alan Greenspan Quotes , Political Quotes , Groups Quotes

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

5 years ago

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Tags : Alan Greenspan Quotes , Office Quotes , President Quotes

I have one other issue I'd like to throw on the table. I hesitate to do it, but let me tell you some of the issues that are involved here. If we are dealing with psychology, then the thermometers one uses to measure it have an effect. I was raising the question on the side with Governor Mullins of what would happen if the Treasury sold a little gold in this market. There's an interesting question here because if the gold price broke in that context, the thermometer would not be just a measuring tool. It would basically affect the underlying psychology.

5 years ago

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Tags : Alan Greenspan Quotes , Issues Quotes , Interesting Quotes

Deficit spending is simply a scheme for the confiscation of wealth.

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Tags : Alan Greenspan Quotes , Money Quotes , Gold Quotes

Productivity is notoriously difficult to predict.

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What we have found over the years in the marketplace is that derivatives have been an extraordinarily useful vehicle to transfer risk from those who shouldn't be taking it to those who are willing to and are capable of doing so.

5 years ago

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Tags : Alan Greenspan Quotes , Business Quotes , Years Quotes

The Iraq War is largely about oil.

5 years ago

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Tags : Alan Greenspan Quotes , War Quotes , Oil Quotes

The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit. 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. Deficit spending is simply a scheme for the hidden confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard.

5 years ago

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Tags : Alan Greenspan Quotes , Mean Quotes , Rights Quotes

Gold, unlike all other commodities, is a currency...and the major thrust in the demand for gold is not for jewelry. 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.

5 years ago

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Tags : Alan Greenspan Quotes , Gold Quotes , Paper Quotes