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In general, corruption tends to exist whenever governments have favors to extend, or something to sell.

Alan Greenspan

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Alan Greenspan
Age: 98
Born: 1926
Born: March 6
Banker
Economist
Entrepreneur
Jazz Musician
Politician
New York City
New York
Favors
Sell
Sells
Whenever
General
Extend
Exist
Tends
Government
Governments
Something
Corruption

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The recent evidence increasingly suggests that an economic expansion is already well under way, although an array of influences unique to this business cycle seems likely to moderate its speed.
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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.
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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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These days, even out of office, I still read economic reports.
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In an economy that already has lost some momentum, one must remain alert to the possibility that greater caution and weakening asset values in financial markets could signal or precipitate an excessive softening in household and business spending.
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The arts develop skills and habits of mind that are important for workers in the new economy of ideas.
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But rules cannot substitute for character.
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The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default.
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Any informed borrower is simply less vulnerable to fraud and abuse.
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Revolutions are something you see only in retrospect.
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The current financial crisis in the US is likely to be judged in retrospect as the most wrenching since the end of the Second World War.
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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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Excessive optimism sows the seeds of its own reversal.
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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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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.
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It has been my experience that competency in mathematics, both in numerical manipulations and in understanding its conceptual foundations, enhances a person's ability to handle the more ambiguous and qualitative relationships that dominate our day-to-day financial decision-making
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History has not dealt kindly with the aftermath of protracted periods of low risk premiums.
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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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The gut-feel of the 55-year old trader is more important than the mathematical elegance of the 25-year old genius.
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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.
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