0 votes

Gold and Economic Freedom by Alan Greenspan

As awesome, clear and well written an explanation of why we need sound money as has ever been put in writing:

http://www.ritholtz.com/blog/2008/11/gold-and-economic-freed...

Amazing how an article like this could have been written by the same guy responsible for the dot-com bailout and subsequent housing bubble.

I still sometimes wonder if he knowingly used his tenure as Fed chairman to demonstrate once and for all how screwed up a monetary system without sound money inevitably is.....



Trending on the Web

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

Ron Paul asked Alan Greenspan about this

I believe he talked about it in his book. He sounded like the article was unavailable and here it is. Did you guys read about this in his book?

Healthnut4freedom

"Trust in the Lord with all thine heart; and lean not unto thine own understanding. In all thy ways acknowledge Him, and He shall direct thy paths." Proverbs 3:5,6

Healthnut4freedom

The lip of truth shall be established forever: but a lying tongue is but for a moment...Lying lips are abomination to the LORD: but they that deal truly are His delight. Prov 12:19,22

Greenspan used to support the gold standard

My question is what happened? Why did he sell out to central banking? Great article.

"It is dangerous to be right in matters on which the established authorities are wrong" - Voltaire

" Government is not reason; it is not eloquent; it is force. Like fire, it is a dangerous servant and a fearful master. " - George Washington