Absence Quote by Alan Greenspan
“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.”
“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, who would later become the Federal Reserve chairman, wrote in 1966: [T]he earnings saved by the productive members of the society lose value in terms of goods. When the economy’s books are finally balanced, one finds that this loss in value represents the goods purchased by the…” quote by Andrew P. Napolitano](https://sms4smile.com/quotes/img-quotes/be4/andrew-p-napolitano-41056_federal-reserve_alan-greenspan-who-would-later-become-th_1074577.jpg)
![“Skilled shortages in America exist because we are shielding our skilled labor force from world competition. [Visa quotas] have been substituted for the wage pricing mechanism. In the process we have created [a] privileged elite whose incomes are being supported at non-competitively high levels by…” quote by Alan Greenspan](https://sms4smile.com/quotes/img-quotes/e7f/alan-greenspan-1834_america_skilled-shortages-in-america-exist-becau_52819.jpg)
