Greenspan does a 180

“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

This entry was posted in Business cycle, Central banks, Crony capitalism, Economy, Federal Reserve, Gold standard, Inflation, Interest rates, Money, Precious metals, Welfare state. Bookmark the permalink.

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