“Faking It Under a gold standard, the amount of credit that an economy can support is determined by the economy’s tangible assets, since every credit instrument is ultimately a claim on some tan…”
Source: Alan “Bubbles” Greenspan Returns to Gold
Greenspan does a 180
10
Jul
Comments Off on Greenspan does a 180
Posted in Business cycle, Central banks, Crony capitalism, Economy, Federal Reserve, Gold standard, Inflation, Interest rates, Money, Precious metals, Welfare state
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