Alan Greenspan Quotes About Inflation

Quotes about: Inflation

• The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit. 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. Deficit spending is simply a scheme for the hidden confiscation of wealth. 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.

  Alan Greenspan

  Mean, Rights, Understanding

  "Alan Greenspan wants the US to go back on the gold standard" by Bill Bonner, www.businessinsider.com. July 10, 2016.

• Deficit spending is simply a scheme for the confiscation of wealth.

  Alan Greenspan

  Money, Gold, Wealth

  "Gold and Economic Freedom" by Alan Greenspan, www.constitution.org. 1966.

• 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

  Safety, Gold, Saving

  Ayn Rand, Nathaniel Branden, Alan Greenspan, Robert Hessen (1986). “Capitalism: The Unknown Ideal”, p.94, Penguin

• Deficit spending is simply a scheme for the 'hidden' confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights.

  Alan Greenspan

  Money, Rights, Gold

  Ayn Rand, Nathaniel Branden, Alan Greenspan, Robert Hessen (1986). “Capitalism: The Unknown Ideal”, p.94, Penguin

• Clearly, sustained low inflation implies less uncertainty about the future, and lower risk premiums imply higher prices of stocks and other earning assets. We can see that in the inverse relationship exhibited by price/earnings ratios and the rate of inflation in the past. But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over the past decade?

  Alan Greenspan

  Past, Japan, Risk

  Alan Greenspan's speech at the Annual Dinner and Francis Boyer Lecture of The American Enterprise Institute for Public Policy Research in Washington, D.C., www.federalreserve.gov. December 5, 1996.

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