Alan Greenspan quote: "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."

You have to really stretch your imagination to infer what the intrinsic value of Bitcoin is. I haven...
ALAN GREENSPAN

Fear and euphoria are dominant forces, and fear is many multiples the size of euphoria. Bubbles go u...
ALAN GREENSPAN

A further rise [in fuel prices] could cut materially into private spending and thus damp the rate of...
ALAN GREENSPAN

I find it utterly inconceivable, frankly, that we can have the type of potential fiscal outlook, whi...
ALAN GREENSPAN

Financial markets, along with households and businesses, seem to be reasonably well prepared to cope...
ALAN GREENSPAN

Large deficits will result in rising interest rates and an ever-growing ratio of debt service to GDP...
ALAN GREENSPAN

The hey day when a high school or college education would serve a graduate for a lifetime is gone, ....
ALAN GREENSPAN

...In an economy that already has lost some momentum, one must remain alert to the possibility that ...
ALAN GREENSPAN

these borrowers, and the institutions that service them, could be exposed to significant losses.
ALAN GREENSPAN

My basic concern, ... is that, if we are forced to implement a very significant unilateral tariff, t...
ALAN GREENSPAN

In retrospect, I see nothing that we did that was inappropriate in terms of policy,
ALAN GREENSPAN

Chinese productivity is the highest in the world but the way they do it is by borrowing the technolo...
ALAN GREENSPAN

I must say, I never expected to see the day where I would be talking about anything other than reduc...
ALAN GREENSPAN

I've been in and out of Wall Street since 1949, and I've never seen the type of animosity be...
ALAN GREENSPAN

I have found no greater satisfaction than achieving success through honest dealing and strict adhere...
ALAN GREENSPAN

Every economy exists, no matter what the level of democracy, has elements of crony capitalism. It...
ALAN GREENSPAN

The very nature of finance is that it cannot be profitable unless it is significantly leveraged... a...
ALAN GREENSPAN

Corruption, embezzlement, fraud, these are all characteristics which exist everywhere. It is regrett...
ALAN GREENSPAN

In the absence of the gold standard, there is no way to protect savings from confiscation through in...
ALAN GREENSPAN

The only way you get economic progress, real standards of living moving higher, is to have the savin...
ALAN GREENSPAN

I stated that I'm a libertarian Republican, which means I believe in a series of issues, such as...
ALAN GREENSPAN

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

The true measure of a career is to be able to be content, even proud, that you succeeded through you...
ALAN GREENSPAN

At the outset of the creation of the euro in 1999, it was expected that the southern eurozone econom...
ALAN GREENSPAN

The only way to have several currencies from divergent nations lumped together is if they are cultur...
ALAN GREENSPAN

To succeed, you will soon learn, as I did, the importance of a solid foundation in the basics of edu...
ALAN GREENSPAN

If somebody had said to me in June or July of 1987, 'We'd like you to become chairman of the...
ALAN GREENSPAN

An almost hysterical antagonism toward the gold standard is one issue which unites statists of all p...
ALAN GREENSPAN

I think the whole issue of a debt ceiling makes no sense to me whatsoever. Anybody who is remotely a...
ALAN GREENSPAN

The person I liked the best was Gerald R. Ford. He was the most decent man in politics I ever had an...
ALAN GREENSPAN

Much fiscal policy is implemented, not through spending increases, but through tax credits and other...
ALAN GREENSPAN

We're a democratic society. Shutting down the government should not be on the agenda.
ALAN GREENSPAN

The United States can pay any debt it has because we can always print money to do that. So there is ...
ALAN GREENSPAN

Fear invariably and universally induces disengagement, and disengagement is negative division of lab...
ALAN GREENSPAN

Fear is a far more dominant force in human behaviour than euphoria - I would never have expected tha...
ALAN GREENSPAN

I guess I should warn you, if I turn out to be particularly clear, you've probably misunderstood wha...
ALAN GREENSPAN

What they perceive as newly abundant liquidity can readily disappear,
ALAN GREENSPAN

Although the outlook is clouded by a number of uncertainties, the central tendencies of the projecti...
ALAN GREENSPAN

Crony capitalism is essentially a condition in which... public officials are giving favours to peopl...
ALAN GREENSPAN

I was a fairly good amateur musician, and I was an average professional. But the one thing I saw was...
ALAN GREENSPAN

Derivative instruments were bystanders, ... They may well have intensified the losses in underlying ...
ALAN GREENSPAN

Forecasting our futures is built into our psyches because we will soon have to manage that future. W...
ALAN GREENSPAN

We really can't forecast all that well, and yet we pretend that we can, but we really can't.
ALAN GREENSPAN

People don't realize that we cannot forecast the future. What we can do is have probabilities of...
ALAN GREENSPAN

There is a huge number of people outside our borders who would love to come here. In fact, many of t...
ALAN GREENSPAN

Diplomacy is really far less important than the stock movements within Russia.
ALAN GREENSPAN

The culture of Greece is not the same as the culture of Germany, and to fuse them into a single unit...
ALAN GREENSPAN

I'm a free-market economist from years and years back, and I've never veered from that.
ALAN GREENSPAN

The Fact that our economical models at The Fed, the best in the world, have been wrong for fourteen ...
ALAN GREENSPAN

It is much too soon to conclude that these concerns are behind us, ... We cannot yet be sure that th...
ALAN GREENSPAN

The housing boom will inevitably simmer down, ... As part of that process, house turnover will decli...
ALAN GREENSPAN

The basic problem that we confront is given that the advantages [of globalization] are so much great...
ALAN GREENSPAN

It is still too early to judge whether the froth will become evident on a widening geographic scale ...
ALAN GREENSPAN

A significant amount of consumption is driven by capital gains on some combination of both stocks an...
ALAN GREENSPAN

History cautions that extended periods of low concern about credit risk have invariably been followe...
ALAN GREENSPAN

There is a palpable unease that businesses and jobs are being drained from the United States, with p...
ALAN GREENSPAN

How do we know when irrational exuberance has unduly escalated asset values....,
ALAN GREENSPAN

Emperors and armies come and go, ... but unless they leave new ideas in their wake, they are of pass...
ALAN GREENSPAN

Look at it! Look at it, damn you! This is the result of your consistent, persistent, grinding, impov...
ALAN GREENSPAN

Keep 'em low, Al.
ALAN GREENSPAN

I thought that the initiative that the Senate produced was very important and very effective,
ALAN GREENSPAN

Whatever you tax, you get less of.
ALAN GREENSPAN

an accident waiting to happen.
ALAN GREENSPAN

There are no easy choices. Easy choices are long gone,
ALAN GREENSPAN

Anything that we can do to raise personal savings is very much in the interest of this country," Gre...
ALAN GREENSPAN

The more flexible an economy, the greater its ability to self-correct in response to inevitable, oft...
ALAN GREENSPAN

Most high-income people in our country do not realize that their incomes are being subsidized by the...
ALAN GREENSPAN

How significant and disruptive such adjustments turn out to be is an open question, ... shocks shoul...
ALAN GREENSPAN

In principle, stock-option grants, properly constructed, can be highly effective in aligning corpora...
ALAN GREENSPAN

Instead of trying to contain a putative bubble by drastic actions with largely unpredictable consequ...
ALAN GREENSPAN

The one certainty is that the resolution of the nation's demographic challenge will require hard cho...
ALAN GREENSPAN

If I turn out to be particularly clear, you've probably misunderstood what I've said.
ALAN GREENSPAN

I guess I should warn you, if I turn out to be particularly clear, you've probably misunderstood...
ALAN GREENSPAN

I know you think you understand what you thought I said but I'm not sure you realize that what you ...
ALAN GREENSPAN

... the flexibility of our market-driven economy has allowed us, thus far, to weather reasonably wel...
ALAN GREENSPAN

could prove destabilizing to our financial system as a whole and in the end could seriously diminish...
ALAN GREENSPAN

One of the problems with hedge funds is that they are changing so rapidly. If you have the balance s...
ALAN GREENSPAN

Such developments apparently reflect not only market dynamics but also the all-too-evident alternati...
ALAN GREENSPAN

Technology is also damping upward price pressures through its effect on international trade,
ALAN GREENSPAN

Technology and the Economy.
ALAN GREENSPAN

There do appear to be, at a minimum, signs of froth in some local markets,
ALAN GREENSPAN

intent on tightening 100 basis points (a full percentage point) in the early 2000 cycle.
ALAN GREENSPAN

Manufacturing capacity is not a rigid level against which one bounces. When you are dealing with a w...
ALAN GREENSPAN

I was sort of shocked when it all of a sudden turned out that I got all A's through college, wit...
ALAN GREENSPAN

We have a moral obligation to use our prosperity at this moment, especially to uplift communities in...
ALAN GREENSPAN

If I seem unduly clear to you, you must have misunderstood what I said.
ALAN GREENSPAN

I was a good amateur but only an average professional. I soon realized that there was a limit to how...
ALAN GREENSPAN

If you're going to move to private accounts, which I approve of, I think you have to do it in a caut...
ALAN GREENSPAN

I would clearly prefer that if you can't run the surpluses, you have to get rid of the surpluses, I ...
ALAN GREENSPAN

Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.
ALAN GREENSPAN

The only thing that was economic, I might say, about my music career, aside from the fact that I did...
ALAN GREENSPAN

I'm not denying that monopolies are terrible things, but I am denying that it is readily easy to...
ALAN GREENSPAN

Although the tendency in recent months toward stabilization in the East Asian economies is encouragi...
ALAN GREENSPAN

The notion of a bubble bursting and the whole price level coming down ... as a national phenomenon i...
ALAN GREENSPAN

We have to do it in a cautious, gradual way. ... (We) should go slowly and test the waters.
ALAN GREENSPAN

often in ways that were not readily foreseeable a year ago.
ALAN GREENSPAN

What they perceive as newly abundant [cash] can readily disappear,
ALAN GREENSPAN

could be exposed to significant losses.
ALAN GREENSPAN

A good part of this expansion is a direct function of the decline in real equity premiums. That cann...
ALAN GREENSPAN

We should not be cutting taxes by borrowing, ... We do not have the capability of having both produc...
ALAN GREENSPAN

Foreign investors, both private and official, may become less willing to absorb ever-growing claims ...
ALAN GREENSPAN

Fixed mortgage rates remain at historically low levels and thus should continue to fuel reasonably s...
ALAN GREENSPAN

After the fact, we will look back on the Enron episode as a period when we put corporate governance ...
ALAN GREENSPAN

I'm sorry I used that term. It's one which does suggest a froth in the market place. I would hesitat...
ALAN GREENSPAN

Any notable shortfall in economic performance from the exemplary standard of recent years runs the r...
ALAN GREENSPAN

It has been my experience that competency in mathematics, both in numerical manipulations and in und...
ALAN GREENSPAN

I do not deny that many appear to have succeeded in a material way by cutting corners and by manipul...
ALAN GREENSPAN

Anything that we can do to raise personal savings is very much in the interest of this country.
ALAN GREENSPAN

Increased jobs are the consequence of increased trade. Increasing jobs more than output implies a fa...
ALAN GREENSPAN

Roger was the major policy maker during 9/11.
ALAN GREENSPAN

It's only when the markets are perceived to have exhausted themselves on the downside that they ...
ALAN GREENSPAN

The problem is you cannot have free global trade with highly restrictive, regulated domestic markets...
ALAN GREENSPAN

Revolutions are something you see only in retrospect.
ALAN GREENSPAN

The word 'measured' is more of a plan than a pledge,
ALAN GREENSPAN

History has not dealt kindly with the aftermath of protracted periods of low risk premiums.
ALAN GREENSPAN

When you go back and look at American history, it's not terribly different from Canadian history...
ALAN GREENSPAN

I always believed in animal spirits. It's not their existence that is new. It's the fact tha...
ALAN GREENSPAN

It's the type of step you would want to take when you've had a decade-long fixed structure, ... I th...
ALAN GREENSPAN

Markets do very weird things because it reacts to how people behave, and sometimes people are a litt...
ALAN GREENSPAN

We need, in effect, to make the phantom 'lock-boxes' around the trust fund real.
ALAN GREENSPAN

to stagnate or worse.
ALAN GREENSPAN

Notwithstanding the demonstrable advantages of the new international financial system, the Mexican f...
ALAN GREENSPAN

Let me say this anyway on the record: We do not and have not been targeting stock prices for the pur...
ALAN GREENSPAN

Before I met Ayn Rand, I was a logical positivist, and accordingly, I didn't believe in absolute...
ALAN GREENSPAN

Look, I'm very much in favor of tax cuts, but not with borrowed money. And the problem that we&#...
ALAN GREENSPAN

It's hard to tell which assets will be toxic. The best way to ensure that only shareholders and ...
ALAN GREENSPAN

I don't know where the stock market is going, but I will say this, that if it continues higher, ...
ALAN GREENSPAN

Should the pool of workers continue to shrink,
ALAN GREENSPAN

History has demonstrated that implicit in any removal of power from central planners and broadening ...
ALAN GREENSPAN

There have been signs recently that some of the forces that have been restraining the economy over t...
ALAN GREENSPAN

There are sound reasons for concluding that the long-run picture remains bright ... but I would emph...
ALAN GREENSPAN

I thought it was an exceptionally good study,
ALAN GREENSPAN

If we delay, the adjustments could be abrupt and painful,
ALAN GREENSPAN

What a sound money system does is to stabilize all the elements in it, and reduces the uncertainty t...
ALAN GREENSPAN

This schedule change avoids a meeting that spans the terms of two chairmen,
ALAN GREENSPAN

shares the university's mission in cultivating a diverse pool of candidates for coaching and staff p...
RICK GREENSPAN

Personally, I'm not going to stand for anything that may be profane or abusive. By monitoring the si...
RICK GREENSPAN

Rarely do you meet an individual with the energy, enthusiasm, purpose, work ethic and kindness that ...
RICK GREENSPAN

There is a real concern his reputation has been unfairly damaged.
BRIAN GREENSPAN

The idea that a province that doesn't have criminal jurisdiction could send someone to jail for that...
BRIAN GREENSPAN

They're trying to up the ante. And the legislation is trying to up the ante. The maximum punishments...
BRIAN GREENSPAN

Next year will be spent concentrating on preparing for the trial in Chicago commencing in March of '...
EDWARD GREENSPAN

I don't think in Illinois a foreign lawyer has been given that status before at the federal level.
EDWARD GREENSPAN

Mr Black asserts his innocence without qualification... (and) has, at all times, acted in good faith...
EDWARD GREENSPAN

There is nothing contentious about obtaining court approval for a trip outside of North America. Cou...
EDWARD GREENSPAN

Everything that we know about the United States tells us that they will not respect any protective o...
EDWARD GREENSPAN

He is confident that, when given a full and fair opportunity to defend himself, he will be found inn...
EDWARD GREENSPAN

This is a blatant example of overreaching by the prosecutor. These latest allegations add nothing ne...
EDWARD GREENSPAN

A U.S. court has no jurisdiction over this alleged conduct in Canada.
EDWARD GREENSPAN

This is a blatant example of overreaching by the prosecutor.
EDWARD GREENSPAN

No such initiative has been attempted in recent much larger white collar financial crime cases where...
EDWARD GREENSPAN

Basically we found tonight that our backup system wasn't nearly as fast as our primary system. That ...
RICK GREENSPAN

I would hate to think that politics have a great role to play in investigations and charges, but I'v...
EDDIE GREENSPAN

The allegations were known way back over two years ago by the auditor general. We don't know why it ...
EDDIE GREENSPAN

When he is given a fair opportunity to defend himself, the allegations will be demonstrated to be un...
EDDIE GREENSPAN

We expect to be exonerated on Tuesday.
EDDIE GREENSPAN

I want to know whether or not Dr. Dukes is still on their list of experts.
EDDIE GREENSPAN

No one is smarter or better than this guy, and if this man says there's no evidence to substantiate ...
EDDIE GREENSPAN

The ripple effect of Dr. Dukes cuts right across the case in Hamilton as well.
EDDIE GREENSPAN

Selling is simply the transfer of inthusiasm.
ALAN

No valid plans for the future can be made by those who have no capacity for living now.
ALAN WATTS

I think most people have that crazy uncle they sit at Thanksgiving dinner with: someone they disagre...
ALAN COLMES

Fools ignore complexity. Pragmatists suffer it. Some can avoid it. Geniuses remove it.
ALAN PERLIS

Even in our deep ocean, there are ecosystems at work with no light whatsoever down in the deepest po...
ALAN STERN

Cancer, like any other illness, is a bore.
ALAN BENNETT

I write plays about things that I can't resolve in my mind. I try to root things out.
ALAN BENNETT

I always feel over-appreciated but underestimated.
ALAN BENNETT

We were put to Dickens as children but it never quite took. That unremitting humanity soon had me ch...
ALAN BENNETT

I'm less genial than people think, but I'm too timid to seem nasty.
ALAN BENNETT

I can't complain that I've had a public all through my writing life, but people don't qu...
ALAN BENNETT

I didn't even have a clear idea of why I wanted to go to Oxford - apart from the fact I had fall...
ALAN BENNETT

I'm all in favour of free expression provided it's kept rigidly under control.
ALAN BENNETT

I do not long for the world as it was when I was a child. I do not long for the person I was in that...
ALAN BENNETT

All knowledge is precious whether or not it serves the slightest human use.
ALAN BENNETT

We were all miners in our family. My father was a miner. My mother is a miner. These are miner's...
ALAN BENNETT

Life is generally something that happens elsewhere.
ALAN BENNETT

I've never seen the point of the sea, except where it meets the land. The shore has a point. The...
ALAN BENNETT

Were we closer to the ground as children, or is the grass emptier now?
ALAN BENNETT

Your whole life is on the other side of the glass. And there is nobody watching.
ALAN BENNETT

Children always assume the sexual lives of their parents come to a grinding halt at their conception...
ALAN BENNETT

Life is like a box of sardines and we are all looking for the key.
ALAN BENNETT

Teachers need to feel they are trusted. They must be allowed some leeway to use their imagination; o...
ALAN BENNETT

Closing a public library is child abuse, really, because it hinders child development.
ALAN BENNETT

If you keep yourself alive and current, funny is funny.
ALAN KING

I have such a stressful job that the only way I can get it out of my mind is by running hard.
ALAN TURING

I have had a dream indicating rather clearly that I am on the way to being hetero, though I don'...
ALAN TURING

I want a permanent relationship, and I might feel inclined to reject anything which of its nature co...
ALAN TURING

Mathematical reasoning may be regarded rather schematically as the exercise of a combination of two ...
ALAN TURING

No, I'm not interested in developing a powerful brain. All I'm after is just a mediocre brai...
ALAN TURING

I want to enjoy not getting recognised while it lasts. But the mask is a symbol of unity. Anyone can...
ALAN WALKER

Hitler's dictatorship rested on the constitutional foundation of a single law, the Enabling Law.
ALAN BULLOCK

The ego is nothing other than the focus of conscious attention.
ALAN WATTS

In software systems it is often the early bird that makes the worm.
ALAN PERLIS

People who are really serious about software should make their own hardware.
ALAN KAY

I'll work overtime to open the doors of opportunity to industry and commerce.
ALAN AUTRY

Life is a lot more interesting if you are interested in the people and the places around you. So, il...
ALAN MOORE

I like Jacques Derrida; I think he's funny. I like my philosophy with a few jokes and puns. I kn...
ALAN MOORE

We cannot be more sensitive to pleasure without being more sensitive to pain.
ALAN WATTS

Hypocrisy is not a way of getting back to the moral high ground. Pretending you're moral, saying...
ALAN DERSHOWITZ

Being offended by freedom of speech should never be regarded as a justification for violence.
ALAN DERSHOWITZ

Alan Greenspan

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