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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.
Written by
Alan Greenspan
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.
Written by
Alan Greenspan
Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.
Written by
Alan Greenspan
I guess I should warn you, if I turn out to be particularly clear, you've probably misunderstood what I've said.
Written by
Alan Greenspan
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.
Written by
Alan Greenspan
The true measure of a career is to be able to be content, even proud, that you succeeded through your own endeavors without leaving a trail of casualties in your wake.
Written by
Alan Greenspan
Any informed borrower is simply less vulnerable to fraud and abuse.
Written by
Alan Greenspan
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.
Written by
Alan Greenspan
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.
Written by
Alan Greenspan
Anything that we can do to raise personal savings is very much in the interest of this country.
Written by
Alan Greenspan
We need, in effect, to make the phantom 'lock-boxes' around the trust fund real.
Written by
Alan Greenspan
Whatever you tax, you get less of.
Written by
Alan Greenspan
History has not dealt kindly with the aftermath of protracted periods of low risk premiums.
Written by
Alan Greenspan
Look, I'm very much in favor of tax cuts, but not with borrowed money. And the problem that we've gotten into in recent years is spending programs with borrowed money, tax cuts with borrowed money, and at the end of the day that proves disastrous. And my view is I don't think we can play subtle policy here.
Written by
Alan Greenspan
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.
Written by
Alan Greenspan
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.
Written by
Alan Greenspan
I was a fairly good amateur musician, and I was an average professional. But the one thing I saw was that the big band business was fading.
Written by
Alan Greenspan
Revolutions are something you see only in retrospect.
Written by
Alan Greenspan
Before I met Ayn Rand, I was a logical positivist, and accordingly, I didn't believe in absolutes, moral or otherwise. If I couldn't prove a proposition with facts and figures, it was without merit.
Written by
Alan Greenspan
I'm not denying that monopolies are terrible things, but I am denying that it is readily easy to resolve them through legislation of that nature.
Written by
Alan Greenspan
I get so engaged when I have a problem you cannot solve that I just cannot break away from what I am doing - I keep thinking and thinking and cannot stop.
Written by
Alan Greenspan
Finance is wholly different from the rest the economy.
Written by
Alan Greenspan
Fear is a far more dominant force in human behaviour than euphoria - I would never have expected that or given it a moment's thought before, but it shows up in the data in so many ways.
Written by
Alan Greenspan
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.
Written by
Alan Greenspan
The only way you get economic progress, real standards of living moving higher, is to have the savings of the society continuously invested in the cutting-edge technologies. And those technologies which are obsolescent get dropped out.
Written by
Alan Greenspan
There are winners and there are losers. And as much as we would like to help the losers, if we do it in the way that directs the limited capital of the society to support the low-productivity parts of the economy, it means that the rest of the economy - our overall standard of living - will not rise as much as it could.
Written by
Alan Greenspan
I've always considered myself more of a mathematician than a psychologist.
Written by
Alan Greenspan
We really can't forecast all that well, and yet we pretend that we can, but we really can't.
Written by
Alan Greenspan
Markets do very weird things because it reacts to how people behave, and sometimes people are a little screwy.
Written by
Alan Greenspan
The only thing that was economic, I might say, about my music career, aside from the fact that I did everybody's tax returns in the band, was the decision I made to leave the music business on economic grounds.
Written by
Alan Greenspan
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