Famous quote by Alan Greenspan

Mobile Desktop
An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They see
Like

"An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense... that gold and economic freedom are inseparable"

- Alan Greenspan

About this Quote

This quote by Alan Greenspan suggests that those who favor government control of the economic situation, or statists, have a solid dislike for the gold criterion. This is because they understand that the gold requirement is closely connected to economic liberty. The gold standard is a system in which a nation's money is backed by gold, and also it limits the government's ability to adjust the economic situation. Consequently, statists are opposed to the gold criterion due to the fact that it restricts their power. Greenspan's quote suggests that statists know the link in between gold as well as financial flexibility, as well as they are determined to stop it from holding. This quote highlights the importance of the gold criterion in preserving economic flexibility and the lengths to which statists will certainly most likely to prevent it from being executed.

About the Author

USA Flag This quote is written / told by Alan Greenspan somewhere between March 6, 1926 and today. He/she was a famous Economist from USA. The author also have 15 other quotes.

Go to author profile

Similar Quotes

Small: As soon as laws are necessary for men, they are no longer fit for freedom - Pythagoras
Pythagoras
"As soon as laws are necessary for men, they are no longer fit for freedom"
Pythagoras, Mathematician
Small: It does not take a majority to prevail... but rather an irate, tireless minority, keen on setting brushfires o
Samuel Adams
"It does not take a majority to prevail... but rather an irate, tireless minority, keen on setting brushfires of freedom in the minds of men"
Samuel Adams, Revolutionary
Small: Without culture, and the relative freedom it implies, society, even when perfect, is but a jungle. This is why
Albert Camus
"Without culture, and the relative freedom it implies, society, even when perfect, is but a jungle. This is why any authentic creation is a gift to the future"
Albert Camus, Philosopher
Small: We are all different. Yet we are all Gods children. We are all united behind this country and the common cause
"We are all different. Yet we are all God's children. We are all united behind this country and the common cause of freedom, justice, fairness, and equality. That is what unites us"
Barbara Boxer, Politician
Small: Innovation is the central issue in economic prosperity - Michael Porter
Michael Porter
"Innovation is the central issue in economic prosperity"
Michael Porter, Educator
Small: Nothing has been purchased more dearly than the little bit of reason and sense of freedom which now constitute
Friedrich Nietzsche
"Nothing has been purchased more dearly than the little bit of reason and sense of freedom which now constitutes our pride"
Friedrich Nietzsche, Philosopher
Small: Freedom can occur only through education - Friedrich Schiller
Friedrich Schiller
"Freedom can occur only through education"
Friedrich Schiller, Dramatist
Small: The end of law is not to abolish or restrain, but to preserve and enlarge freedom. For in all the states of cr
John Locke
"The end of law is not to abolish or restrain, but to preserve and enlarge freedom. For in all the states of created beings capable of law, where there is no law, there is no freedom"
John Locke, Philosopher
Small: As a boy, I believed freedom for America meant freedom for me. There was a time I believed every word spoken -
Barry White
"As a boy, I believed freedom for America meant freedom for me. There was a time I believed every word spoken"
Barry White, Musician
Small: There are two good things in life - freedom of thought and freedom of action - W. Somerset Maugham
W. Somerset Maugham
"There are two good things in life - freedom of thought and freedom of action"
W. Somerset Maugham, Playwright