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I made a mistake in presuming...

I made a mistake in presuming that the self-interests of organisations, specifically banks and others, were such that they were best capable of protecting their own shareholders and their equity in the firms.

Alan Greenspan 158 quotes

We will have more crises and ...

We will have more crises and none of them will look like this because no two crises have anything in common except human nature.

Alan Greenspan 158 quotes

But rules cannot substitute f...

But rules cannot substitute for character.

Alan Greenspan 158 quotes

Gold still represents the ult...

Gold still represents the ultimate form of payment in the world. Fiat money in extremis is accepted by nobody. Gold is always accepted.

Alan Greenspan 158 quotes

Regulation - which is based o...

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.

Alan Greenspan 158 quotes

What an ideology is is a conc...

What an ideology is is a conceptual framework with the way people deal with reality. Everyone has one. You have to, to exist you need an ideology. The question is whether it is accurate or not.

Alan Greenspan 158 quotes

The economy is turning, and c...

The economy is turning, and credit comes in with a lag, .. To the extent that a number of small firms are finding it difficult to get the credit they need at a price they can afford, that's likely to change for the better.

Alan Greenspan 158 quotes

The abandonment of the gold st...

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.

Alan Greenspan 158 quotes

I don't think it's possible ...

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.

Alan Greenspan 158 quotes

What we have found over the ye...

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.

Alan Greenspan 158 quotes

How do we know when irrational...

How do we know when irrational exuberance has unduly escalated asset values?

Alan Greenspan 158 quotes

What an ideology is is a conce...

What an ideology is is a conceptual framework with the way people deal with reality. Everyone has one. You have to, to exist you need an ideology. The question is whether it is accurate or not.

Alan Greenspan 158 quotes

But how do we know when irrati...

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?

Alan Greenspan 158 quotes

Skilled shortages in America e...

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.

Alan Greenspan 158 quotes

Capitalism is based on self-in...

Capitalism is based on self-interest and self-esteem; it holds integrity and trustworthiness as cardinal virtues and makes them pay off in the marketplace, thus demanding that men survive by means of virtue, not vices. It is this superlatively moral system that the welfare statists propose to improve upon by means of preventative law, snooping bureaucrats, and the chronic goad of fear.

Alan Greenspan 158 quotes

If prices go down, we will hav...

If prices go down, we will have problems - problems in the sense of spillover to other areas.

Alan Greenspan 158 quotes

Diplomacy is really far less i...

Diplomacy is really far less important than the stock movements within Russia.

Alan Greenspan 158 quotes

What I see in the corporate se...

What I see in the corporate sector is very clearly an issue of a major shortfall in the issue of, what some people call confidence, but whatever you want to call it. Clearly people are looking out in the very distant future and they are saying that it is too complex.

Alan Greenspan 158 quotes

We're a democratic society. S...

We're a democratic society. Shutting down the government should not be on the agenda.

Alan Greenspan 158 quotes

It is very difficult to predic...

It is very difficult to predict when a bond crisis could happen.

Alan Greenspan 158 quotes

Добрые, щедрые, великодушные: 6 советских актеров, которые были всеобщими любимчиками

23

Советских актёров часто ставят в пример как образец духовной силы, национальной гордости и внутренней красоты. Они стали символами эпохи, носителями культуры и нравственности. Но, как известно, за кул...

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Расскажем, как сложилась судьба актеров, которые начинали сниматься еще в детстве.
Остаться на вершине в Голливуде удаётся не каждому, особенно если путь начался в детстве. Одни актёры теряются из-за...

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