"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.“


-Alan Greenspan

posted in finance


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.

Other Quotes You Might Like

Discover more inspiring quotes from our collection

"We need, in effect, to make the phantom 'lock-boxes' around the trust fund real."

-Alan Greenspan

trustView Quote
"I have found no greater satisfaction than achieving success through honest dealing and strict adherence to the view that, for you to gain, those you deal with should gain as well."

-Alan Greenspan

successView Quote
"I've been in and out of Wall Street since 1949, and I've never seen the type of animosity between government and Wall Street. And I'm not sure where it comes from, but I suspect it's got to do with a general schism in this society which is really becoming ever more destructive."

-Alan Greenspan

societyView Quote
"I was a good amateur but only an average professional. I soon realized that there was a limit to how far I could rise in the music business, so I left the band and enrolled at New York University."

-Alan Greenspan

musicView Quote
"Look, I'm very much in favor of tax cuts, but not with borrowed money. And the problem that we've gotten into in recent years is spending programs with borrowed money, tax cuts with borrowed money, and at the end of the day that proves disastrous. And my view is I don't think we can play subtle policy here."

-Alan Greenspan

moneyView Quote
"History has not dealt kindly with the aftermath of protracted periods of low risk premiums."

-Alan Greenspan

historyView Quote

More Quotes About finance

Explore other inspiring quotes in this category

"It starts with campaign finance reform."

-Zack Space

financeView Quote
"Our goal is to make finance the servant, not the master, of the real economy."

-Alistair Darling

financeView Quote
"If I finance a bank and I know if the bank will get in trouble, I will be hit and I will lose money, I will put a price on that."

-Jeroen Dijsselbloem

financeView Quote
"The government is also looking at further benefits including enhanced capital allowances the use of Tax Incremental Finance and extra help from UK Trade and Investment on inward investment and trade opportunities."

-Andy Sawford

financeView Quote
"I understand that finance can be very complex."

-Kevin Harrington

financeView Quote
"The Republican Party is not in the hands of the Jewish lobby in America as the Democratic Party must look quite often to Jewish money to finance candidates."

-Pete McCloskey

financeView Quote