quote · Legacy record
under the gold standard, a free banking system stands as the protector of an economy's stability and balanced growth... 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
under the gold standard, a free banking system stands as the protector of an economy's stability and balanced growth... 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
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- Author or tradition
- Alan Greenspan
Attribution: attributed - Country attributed
- Not established
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- Historical period not yet established
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- Contributor-provided quotation collection
Supplied reference C; CSV row 311622; supplied attribution, independently unverified
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