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Quote by Alan Greenspan

“Nor can private counterparties restrict supplies of gold, another commodity whose derivatives are often traded over-the-counter, where central banks stand ready to lease gold in increasing quantities should the price rise.”

Quote by Alan Greenspan

Author

Alan Greenspan, born on March 6, 1926, is an accomplished economist from the United States. He has made significant contributions to the field of economics and has had a profound impact on the global financial system as the Chairman of the Federal Reserve System. more

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“American consumers might benefit if lenders provided greater mortgage product alternatives to the traditional fixed-rate mortgage.”

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“Life stands before me like an eternal spring with new and brilliant clothes.”

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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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“It's hard to overemphasize how important Ford's deregulation was. True, most of the benefits took years to unfold-rail freight rates, for example hardly budged at first. Yet deregulation set the stage for an enormous wave of creative destruction in the 1980s.”

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

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“The probability of ten consecutive heads is 0.1 percent; thus, when you have millions of coin tossers, or investors, in the end there will be thousands of very successful practitioners of coin tossing, or stock picking.”

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“The free lunch has still to be invented.”

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“While all is new, all is beautiful. That is a well-known song. Yes, and the next day the air changes into another one equally well known.”

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“The poor are the human manure in which grow the harvests of life, the harvests of joy which the rich reap.”

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