AGAlan Greenspan

12 collected words

Alan Greenspan

Dates not recorded

Name supplied in the contributor-provided quotation collection. Basic attribution label; identity, lifetime and quotation authenticity have not been independently verified.

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Quotations and sayings

01Undated

under the gold standard, a free banking system stands as the protector of an economy's stability and balanced growth... 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

Alan Greenspan / quote

02Undated

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.

Alan Greenspan / quote

03Undated

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.

Alan Greenspan / quote

04Undated

Fear and euphoria are dominant forces, and fear is many multiples the size of euphoria. Bubbles go up very slowly as euphoria builds. Then fear hits, and it comes down very sharply. When I started to look at that, I was sort of intellectually shocked. Contagion is the critical phenomenon which causes the thing to fall apart.

Alan Greenspan / quote

05Undated

Any informed borrower is simply less vulnerable to fraud and abuse.

Alan Greenspan / quote

06Undated

Finance is wholly different from the rest the economy.

Alan Greenspan / quote

07Undated

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.

Alan Greenspan / quote

08Undated

I do not understand where the backing of Bitcoin is coming from. There is no fundamental issue of capabilities of repaying it in anything which is universally acceptable, which is either intrinsic value of the currency or the credit or trust of the individual who is issuing the money, whether it's a government or an individual.

Alan Greenspan / quote

09Undated

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.

Alan Greenspan / quote

10Undated

The person I liked the best was Gerald R. Ford. He was the most decent man in politics I ever had any relationships with.

Alan Greenspan / quote

11Undated

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.

Alan Greenspan / quote

12Undated

Unless you are willing to compromise, society cannot live together.

Alan Greenspan / quote