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.

Quote by Alan Greenspan

Topics: Absence Quotes

An almost hysterical antagonism toward the gold standard is one issue which unites statists of...

An almost hysterical antagonism toward the gold standard is one issue which unites statists of...

Any informed borrower is simply less vulnerable to fraud and abuse.

Any informed borrower is simply less vulnerable to fraud and abuse.

The true measure of a career is to be able to be content, even proud,...

The true measure of a career is to be able to be content, even proud,...

Look, I'm very much in favor of tax cuts, but not with borrowed money. And...

Look, I'm very much in favor of tax cuts, but not with borrowed money. And...

In the absence of the gold standard, there is no way to protect savings from...

In the absence of the gold standard, there is no way to protect savings from...

I must say, I never expected to see the day where I would be talking...

I must say, I never expected to see the day where I would be talking...

I was a good amateur but only an average professional. I soon realized that there...

I was a good amateur but only an average professional. I soon realized that there...

Anything that we can do to raise personal savings is very much in the interest...

Anything that we can do to raise personal savings is very much in the interest...

Whatever you tax, you get less of.

Whatever you tax, you get less of.

I've been in and out of Wall Street since 1949, and I've never seen the...

I've been in and out of Wall Street since 1949, and I've never seen the...

To succeed, you will soon learn, as I did, the importance of a solid foundation...

To succeed, you will soon learn, as I did, the importance of a solid foundation...

We need, in effect, to make the phantom 'lock-boxes' around the trust fund real.

We need, in effect, to make the phantom 'lock-boxes' around the trust fund real.

I have found no greater satisfaction than achieving success through honest dealing and strict adherence...

I have found no greater satisfaction than achieving success through honest dealing and strict adherence...

Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose...

Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose...

I guess I should warn you, if I turn out to be particularly clear, you've...

I guess I should warn you, if I turn out to be particularly clear, you've...

History has not dealt kindly with the aftermath of protracted periods of low risk premiums.

History has not dealt kindly with the aftermath of protracted periods of low risk premiums.

I don't know where the stock market is going, but I will say this, that...

I don't know where the stock market is going, but I will say this, that...