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
- More quotations by Economist
Alan Greenspan quotes
An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense... that gold and economic freedom are inseparable.
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.
Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.
Similiar authors
Edgar R. Fiedler
Milton Friedman
Adam Smith
E. F. Schumacher
Frederic Bastiat
Carl Menger
Jeremy Rifkin
Joseph A. Schumpeter
Larry Summers
Thorstein Veblen