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
Today you are You, that is truer than true. There is no one alive who is Youer than You.
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Dr. Seuss
The world is a tragedy to those who feel, but a comedy to those who think.
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Horace Walpole
Life is a comedy to those who think, a tragedy to those who feel.
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Jean Racine
Life is a drama full of tragedy and comedy. You should learn to enjoy the comic episodes a little more.
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Jeannette Walls
Life doesn't make any sense, and we all pretend it does. Comedy's job is to point out that it doesn't make sense, and that it doesn't make much difference anyway.
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Eric Idle
More Quotes By Alan Greenspan
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...
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.
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.
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....
Any informed borrower is simply less vulnerable to fraud and abuse.
