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Alan Greenspan Quotes

Alan Greenspan quote from classy quote

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

Alan Greenspan Nature Finance Long

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

Alan Greenspan Education Foundation You

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

Alan Greenspan Fall Down Look

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

~ Alan Greenspan

Alan Greenspan Fraud Informed Abuse

Finance is wholly different from the rest the economy.

~ Alan Greenspan

Alan Greenspan Economy Rest Different

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

Alan Greenspan Value Gold Savings

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

Alan Greenspan Money Value Government

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

Alan Greenspan Value You Maybe

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

Alan Greenspan Best Man Relationships

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

Alan Greenspan Achieving View You

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

~ Alan Greenspan

Alan Greenspan Together Live Compromise
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