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Now, I Only Play Very Occasionally, And In Fact, More Piano Than Clarinet Or Sax.
-Alan Greenspan
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Now, I Only Play Very Occasionally, And
Alan Greenspan
Now, I Only Play Very Occasionally, And In Fact, More Piano Than Clarinet Or Sax.
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The Recent Period Has Been Marked By A Transformation To An Economy That Is More Productive As Competitive Forces Become Increasingly Intense And New Technologies Raise The Efficiency Of Our Businesses...while These Tendencies Were No Doubt In Train In The "old," Pre-1990s Economy, They Accelerated Over The Past Decade As A Number Of Technologies With Their Roots In The Cumulative Innovations Of The Past Half-century Began To Yield Dramatic Economic Returns.
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The Abandonment Of The Gold Standard Made It Possible For The Welfare Statists To Use The Banking System As A Means To An Unlimited Expansion Of Credit. 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. Deficit Spending Is Simply A Scheme For The Hidden Confiscation Of Wealth. Gold Stands In The Way Of This Insidious Process. It Stands As A Protector Of Property Rights. If One Grasps This, One Has No Difficulty In Understanding The Statists' Antagonism Toward The Gold Standard.
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