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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.
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Listing of the words used, with individual translations of these words.
"In the absence of the gold standard, there is no way to protect... " is one of a famous quotes by Alan Greenspan. Complete quote is as follows;
"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." This is a quote by Alan Greenspan which is about . He is known to have been associated with numerous other thought provoking quotes on these topics like;
This quote is primarily about finance although it also includes other themes like . It is attributed to Alan Greenspan. Complete quote is as follows;
"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."