40 years before America joined the “gold window”
January 7th, 2012
Alan Greenspan, chairman of the U.S. Federal Reserve 1988 – 2006, wrote in his essay “Gold and Economic Freedom” in 1966:”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. Readmore…