PREMIUM FEATURE
Advanced Search Filters
Filter search results by source, date, and more with our premium search tools.
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 s… - Alan Greenspan
" "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
English
Collect this quote
About Alan Greenspan
Alan Greenspan (born March 6, 1926) is an American economist who served as Chairman of the Federal Reserve of the United States from 1987 to 2006. He currently works as a private adviser and provides consulting for firms through his company, Greenspan Associates LLC. First appointed Federal Reserve chairman by President Ronald Reagan in August 1987, he was reappointed at successive four-year intervals until retiring on January 31, 2006 after the second-longest tenure in the position.
Biography information from Wikiquote
Related quotes. More quotes will automatically load as you scroll down, or you can use the load more buttons.
Additional quotes by Alan Greenspan
People do not realize in [the U.S], for example, how tenuous our ties to international energy are. That is, we on a daily basis require continuous flow. If that flow is shut off, it causes catastrophic effects in the industrial world. And it's that which made [Saddam Hussein] far more important to get out than bin Laden.
Loading...