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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.

Alan Greenspan

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Alan Greenspan
Age: 98
Born: 1926
Born: March 6
Banker
Economist
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Jazz Musician
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New York City
New York
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Almost
Standard
Freedom
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Statists
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More quotes by Alan Greenspan

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I have long argued that paying down the national debt is beneficial for the economy: it keeps interest rates lower than they otherwise would be and frees savings to finance increases in the capital stock, thereby boosting productivity and real incomes.
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In general, corruption tends to exist whenever governments have favors to extend, or something to sell.
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If you get beyond the political rhetoric [and assembled a group to solve Social Security] it would take them 15 minutes. It would take them 15 minutes only because 10 minutes was used for pleasantries.
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While local economies may experience significant price imbalances, a national severe price distortion seems most unlikely in the United States, given its size and diversity.
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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.
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All taxes are a drag on economic growth. It's only a question of degree.
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We can guarantee cash benefits as far out and at whatever size you like, but we cannot guarantee their purchasing power.
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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.
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You can't have the capitalist system if an increasing number of people think it is unjust.
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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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I've always argued that this country has benefited immensely from the fact that we draw people from all over the world.
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History has not dealt kindly with the aftermath of protracted periods of low risk premiums.
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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.
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If you think you understand what I am saying you do not understand what I am saying.
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As long as we issue fiat currency, I see no alternative to a legal tender law.
Alan Greenspan
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The process of innovation is, of course, never ending.
Alan Greenspan
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History demonstrates that participants in financial markets are susceptible to waves of optimism. Excessive optimism shows the seeds of its own reversal in the form of imbalances that tend to grow over time.
Alan Greenspan
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If I say something which you understand fully in this regard, I probably made a mistake.
Alan Greenspan
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The need for values is inbred. Their content is not.
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If we allow terrorism to undermine our freedom of action, we could reverse at least part of the palpable gains achieved by postwar globalization. It is incumbent upon us not to allow that to happen.
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