“Under the gold standard, a free banking system stands as the protector of an economy’s stability and balanced growth… The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit… In the absence of the gold standard, there is no way to protect savings from confiscation through inflation”

Alan Greenspan – 1966

2 thoughts on “QUOTE OF THE DAY”

  1. Oh my gosh, you mean he knew what he was doing? Lol. At least he had a life full of money and things. Down deep Americans know something is wrong, if not what it is. So they live with reckless abandon to get what they can while they can. Just like the leadership. FUBAR


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