1. Welcome to Baptist Board, a friendly forum to discuss the Baptist Faith in a friendly surrounding.

    Your voice is missing! You will need to register to get access to all the features that our community has to offer.

    We hope to see you as a part of our community soon and God Bless!

Is the AntiChrist smarter than Alan Greenspan?

Discussion in 'Political Debate & Discussion' started by billwald, Oct 31, 2011.

Top Posters
  1. billwald

    billwald New Member

    Joined:
    Jun 28, 2000
    Messages:
    11,414
    Likes Received:
    2
    http://en.wikipedia.org/wiki/The_Age_of_Turbulence

    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.
     
    #1 billwald, Oct 31, 2011
  2. poncho

    poncho Well-Known Member

    Joined:
    Mar 30, 2004
    Messages:
    19,657
    Likes Received:
    128
    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
(You must log in or sign up to post here.)
Loading...