"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.
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.
"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"
"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"
"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"
