If Alan Greenspan Wants To 'End The Fed', Times Must Be ChangingSubmitted by John23 on Tue, 03/26/2013 - 13:19
Must be a lot easier to voice what you really believe when you're not the Fed chairman.
Forbes: Let’s see what Alan Greenspan has been saying recently:
“We have at this particular stage a fiat money which is essentially money printed by a government and it’s usually a central bank which is authorized to do so. Some mechanism has got to be in place that restricts the amount of money which is produced, either a gold standard or a currency board, because unless you do that all of history suggest that inflation will take hold with very deleterious effects on economic activity… There are numbers of us, myself included, who strongly believe that we did very well in the 1870 to 1914 period with an international gold standard.”
In the same January 2011 interview, Greenspan apparently wondered out loud if we even require a central bank!
When Alan Greenspan starts to talk about “End the Fed,” things are changing.
Continue reading at Forbes. . .