Alan Greenspan Quotes, Moving Quotes, Together Quotes

If all currencies are moving up or down together, the question is: relative to what? Gold is the canary in the coal mine. It signals problems with respect to currency markets. Central banks should pay attention to it.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Moving Quotes , Together Quotes

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.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Believe Quotes , Thinking Quotes

I do not deny that many appear to have succeeded in a material way by cutting corners and by manipulating associates, both in their professional and in their personal lives. But material success is possible in this world and far more satisfying when it comes without exploiting others.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Life Quotes , Success Quotes

Since I've become a central banker, I've learned to mumble with great incoherence. If I seem unduly clear to you, you must have misunderstood what I said.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Misunderstood Quotes , Bankers Quotes

Stripped of its academic jargon, the welfare state is nothing more than a mechanism by which governments confiscate the wealth of the productive members of a society to support a wide variety of welfare schemes.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Government Quotes , Support Quotes

It is decidedly not true that "nice guys finish last," as that highly original American baseball philosopher, Leo Durocher, was alleged to have said.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Life Quotes , Success Quotes

As long as we issue fiat currency, I see no alternative to a legal tender law.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Money Quotes , Law Quotes

Amateurs want to be right. Professionals want to make money.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Want Quotes

Productivity is notoriously difficult to predict.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Difficult Quotes

Excessive optimism sows the seeds of its own reversal.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Optimism Quotes , Reversal Quotes

We may be in a rapidly evolving international financial system with all the bells and whistles of the so-called new economy. But the old-economy rules of prudence are as formidable as ever. We violate them at our own peril.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Bells Quotes , May 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

Message Copied

Tags : Alan Greenspan Quotes , Stress Quotes , Use Quotes

Regulation of derivatives transactions that are privately negotiated by professionals is unnecessary.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Regulation Quotes , Derivatives Quotes

But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over the past decade?

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Past Quotes , Japan Quotes

A decline in the national housing price level would need to be substantial to trigger a significant rise in foreclosures, because the vast majority of homeowners have built up substantial equity in their homes despite large mortgage-market financed withdrawals of home equity in recent years.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Home Quotes , Years Quotes

Skilled shortages in America exist because we are shielding our skilled labor force from world competition. [Visa quotas] have been substituted for the wage pricing mechanism. In the process we have created [a] privileged elite whose incomes are being supported at non-competitively high levels by immigration quotas on skilled professionals. Eliminating such restrictions would reduce at least some of the income inequality.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , America Quotes , Labor Force 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

Message Copied

Tags : Alan Greenspan Quotes , Office Quotes , President Quotes

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.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Money Quotes , Rights Quotes

We need, in effect, to make the phantom 'lock-boxes' around the trust fund real.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Real Quotes , Needs Quotes

The number one problem in today's generation and economy is the lack of financial literacy.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Numbers Quotes , Generations Quotes