Alan Greenspan January 01, 1900 - December 31, 1984 France
I guess I should warn you, if I turn out to be particularly clear, you've probably misunderstood what I've said.
In the absence of a gold standard, there is no way to protect savings from confiscation through inflation.
We can guarantee cash benefits as far out and at whatever size you like, but we cannot guarantee their purchasing power.
Deficit spending is simply a scheme for the confiscation of wealth
Regrettably, history is strewn with visions of such 'new eras' that, in the end, have proven to be a mirage.
Deficit spending is simply a scheme for the hidden confiscation of wealth
There is no safe store of value without gold
Gold and economic freedom are inseparable
[Statists] seem to sense that gold and economic freedom are inseparable, that the gold standard is an instrument of laissez-faire and that each implies and requires the other
Fiat money, in extremis, is accepted by nobody, Gold is always accepted
Germany in 1944 could buy materials during the war only with gold. Fiat money in extremis is accepted by nobody
La politique financière d’un Etat-providence requiert que celui qui possède du capital n’ait aucun moyen de se protéger’ Alan Greenspan, 1966
Gold still represents the ultimate form of payment in the world. Fiat money in extremis is accepted by nobody. Gold is always accepted Alan Greenspan