Alan Greenspan: The Once And Former Goldbug You Never Knew, Part 1
Attached is Alan Greenspan’s famous essay lamenting the demise of the gold standard and warning that fiat money would enable the endless growth of the Welfare State and Big…
Written byDavid StockmanSource: David Stockman's Contra Corner
Attached is Alan Greenspan’s famous essay lamenting the demise of the gold standard and warning that fiat money would enable the endless growth of the Welfare State and Big Government. He was absolutely correct, of course, and to give testimony to this worldview, even as late as 1974 when he became Chairman of the Council […]
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