When trust is lost, a nations ability to transact business is palpably — Alan Greenspan

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

"Cash is available and we should use that in larger amounts, as is necessary, to solve the problems of the stress of this."

"We are going through a period with no precedent in American history."

"Once stock prices reach the point at which it is hard to value them by logical methodology, stocks will be bought as they were in the late 1920s not for investment but to be unloaded at a still higher price. The ensuing break could be disastrous because panic psychology cannot be summarily altered or reversed by easing money policies."

"An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense—perhaps more clearly and subtly than many consistent defenders of laissez-faire—that gold and economic freedom are inseparable, that the gold standard is an instrument of laissez-faire and that each implies and requires the other."

"I know you think you understand what you thought I said, but Im not sure you realize that what you heard is not what I meant"