HOBALL 筆記簿

December 5, 2008

Gold and Economic Freedom by Alan Greenspan

Filed under: 政治 經濟 — Tags: , , , , , — hoball @ 11:20 am

quoted from here(full article)

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. ………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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