Is the AntiChrist smarter than Alan Greenspan?

Discussion in 'Politics' started by billwald, Oct 31, 2011.

  1. billwald

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    Jun 28, 2000
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    From wiki:

    "On free market capitalism
    In Greenspan's view, free market capitalism is the economic approach that "trumps" other forms attempted thus far in human history. His support of Adam Smith's "invisible hand", i.e., people's motivational self-interest, is foundational to his view of creating a successful, growing economy. He discusses the rapid historical growth of the U.S. economy under market capitalism as well as its benefit to foreign adopters, albeit with persistent dis-functions. His support for market capitalism is not without criticism. This includes the anxiety often expressed within a society as "creative destruction" plays out. Greenspan also decries the lack of quality public secondary education for the "masses", particularly in mathematics and the sciences, and how this problem contributes to the divergence of rich and poor within the U.S."

    I'm half way through Alan Greenspan's memoirs. He makes a good case for capitalism and against any kind of one world government.From his description he makes the case that Fed is a useful and necessary outfit. I can't see how giving Congress direct control of our national bank would be an improvement. Maybe Satan has learned as from last 100 years of history as Greenspan has.
  2. poncho

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    Mar 30, 2004
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    And maybe Satan has always been a fractional reserve banker.

    Does Greenspan have his 1966 "gold speech" in his memoirs?

    "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. If there were, the government would have to make its holding illegal, as was done in the case of gold. If everyone decided, for example, to convert all his bank deposits to silver or copper or any other good, and thereafter declined to accept checks as payment for goods, bank deposits would lose their purchasing power and government-created bank credit would be worthless as a claim on goods. The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves.

    This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the 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
    #2 poncho, Oct 31, 2011
    Last edited by a moderator: Oct 31, 2011

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