Alan Greenspan Quotes, Safety Quotes, Gold Quotes

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.

5 years ago

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Tags : Alan Greenspan Quotes , Safety Quotes , Gold Quotes

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

5 years ago

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Tags : Alan Greenspan Quotes , Regulation Quotes , Derivatives Quotes

I don't know where the stock market is going, but I will say this, that if it continues higher, this will do more to stimulate the economy than anything we've been talking about today or anything anybody else was talking about.

5 years ago

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Tags : Alan Greenspan Quotes , Talking Quotes , Today Quotes

If you think you understand what I am saying you do not understand what I am saying.

5 years ago

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Tags : Alan Greenspan Quotes , Thinking Quotes , Economist Quotes

It's a bubble. It has to have intrinsic value. You have to really stretch your imagination to infer what the intrinsic value of Bitcoin is. I haven't been able to do it. Maybe somebody else can.

5 years ago

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Tags : Alan Greenspan Quotes , Imagination Quotes , Able Quotes

Indeed, better risk management may be the only truly necessary element of success in banking.

5 years ago

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Tags : Alan Greenspan Quotes , Risk Quotes , Banking Quotes

This decade is strewn with examples of bright people who thought they built a better mousetrap that could consistently extract abnormal returns from the financial markets. Some succeed for a time. But while there may occasionally be mis-configurations among market prices that allow abnormal returns, they do not persist.

5 years ago

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Tags : Alan Greenspan Quotes , People Quotes , Abnormal Quotes

History has not dealt kindly with the aftermath of protracted periods of low risk premiums.

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Tags : Alan Greenspan Quotes , Risk Quotes , Aftermath Quotes

I'm a plain soap kind of guy.

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Tags : Alan Greenspan Quotes , Guy Quotes , Soap Quotes

Productivity is notoriously difficult to predict.

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Tags : Alan Greenspan Quotes , Difficult 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

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

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Tags : Alan Greenspan Quotes , Office Quotes , President Quotes

I believe that the general growth in large [financial] institutions have occurred in the context of an underlying structure of markets in which many of the larger risks are dramatically -- I should say, fully -- hedged.

5 years ago

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Tags : Alan Greenspan Quotes , Believe Quotes , Risk Quotes

The very nature of finance is that it cannot be profitable unless it is significantly leveraged... and as long as there is debt, there can be failure and contagion.

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Tags : Alan Greenspan Quotes , Long Quotes , Debt Quotes

But rules cannot substitute for character.

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Tags : Alan Greenspan Quotes , Character Quotes

The free lunch has still to be invented.

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Tags : Alan Greenspan Quotes , Lunch Quotes , Stills Quotes

Greenspan, who knew so much more than most, knew far less than most supposed.

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Tags : Alan Greenspan Quotes , Ignorance Quotes

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.

5 years ago

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Tags : Alan Greenspan Quotes , Clouds Quotes , Numbers Quotes

I cannot conceive of a politically feasible solution to this problem which will overdo cutting the deficit, where overdoing means harming the economy. It might be technically possible, but it is not realistic.

5 years ago

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Tags : Alan Greenspan Quotes , Mean Quotes , Cutting Quotes

At the risk of some oversimplification, if the skill composition of our work force meshed fully with the needs of our increasingly complex capital-stock, wage-skill differentials would be stable, and the percentage changes in wage rates would be the same for all job grades.

5 years ago

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Tags : Alan Greenspan Quotes , Jobs Quotes , Skills Quotes