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/biz/ - Business & Finance

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58046314 No.58046314 [Reply] [Original]

"An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions...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. If there were, the government would have to make its holding illegal, as was done in the case of gold. The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves."

- Alan Greenspan, 1966

>> No.58046330

>>58046314
>you are obligated by law to buy my shiny NFT
no lol

>> No.58046357

>There is no safe store of value.
Greenspan is a pseud. Equities provide a safe store of value, just less efficiently than bitcoin