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" 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
Imagination
Stretch
Value
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" Fear is a far more dominant force in human behaviour than euphoria - I would never have expected that or given it a moment's thought before, but it shows up in the data in so many ways. "
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" Diplomacy is really far less important than the stock movements within Russia. "
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" 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. "
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" The true measure of a career is to be able to be content, even proud, that you succeeded through your own endeavors without leaving a trail of casualties in your wake. "
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" Any informed borrower is simply less vulnerable to fraud and abuse. "
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" Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs. "
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" If I turn out to be particularly clear, you've probably misunderstood what I've said. "
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" 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. "
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" 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. "
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" 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. "
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" Forecasting our futures is built into our psyches because we will soon have to manage that future. We have no choice. No matter how often we fail, we can never stop trying. "
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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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" I don't know where the stock market is going, but I will say this, that if it continues higher, this will do more to stimulate the economy than anything we've been talking about today or anything anybody else was talking about. "
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