Quote by Alan Greenspan
In the absence of the gold standard, there is no way to protect sa

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

Other quotes by Alan Greenspan

I was a good amateur but only an average professional. I soon realized that there was a limit to how far I could rise in the music business, so I left the band and enrolled at New York University. – Alan Greenspan

Category:
Business
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We need, in effect, to make the phantom lock-boxes around the trust fund real. – Alan Greenspan

Category:
Trust
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Other Quotes from
finance
category

Wealth is not without its advantages and the case to the contrary, although it has often been made, has never proved widely persuasive. – John Kenneth Galbraith

Category:
finance

Weve taken the view that if the rest of the world would democratize and create market economies, that would spread the benefits of prosperity around the world, and that it would enhance our own prosperity, and our own stability and security, as well. – Jeffrey Sachs

Category:
finance

Wealth consists not in having great possessions, but in having few wants. – Epictetus

Category:
finance

People just want to hear some common sense… and I bring to bear the experience in local government and state government and national government – I was the first woman in history on the Senate Finance Committee – not to mention the diplomatic international experience. – Carol Moseley Braun

Category:
finance

Random Quotes

Telling us to obey instinct is like telling us to obey people. People say different things: so do instincts. Our instincts are at war… Each instinct, if you listen to it, will claim to be gratified at the expense of the rest. – C. S. Lewis

Category:
War

I beat myself up every day, without so much as a scratch. – Terri Guillemets, “Perfectionism,” 1990

Category:
Perfection

In the world today, a young lady who does not have a college education just is not educated. – Walter Annenberg

Category:
Education

Love is that condition in which the happiness of another person is essential to your own… Jealousy is a disease, love is a healthy condition. The immature mind often mistakes one for the other, or assumes that the greater the love, the greater the jealousy. – Robert A. Heinlein

Category:
Happiness