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. The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves."
Tuesday, June 16, 2009
Darth Greenspan - Dan O'Connor - Mises Institute
Darth Greenspan - Dan O'Connor - Mises Institute: "In fact, in 1966, Greenspan wrote a famous article advocating the need for a gold standard in America in which he stated,
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