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Strategies & Market Trends : Commodities - The Coming Bull Market -- Ignore unavailable to you. Want to Upgrade?

To: craig crawford who wrote (697)	8/18/2001 8:52:08 PM
From: craig crawford	Respond to of 1643

Alan Greenspan 1967 "As the supply of money increases relative to the supply of tangible assets in the economy, prices must eventually rise. 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 1981 "A return to a gold standard (would be) a basic change in our economic processes. A gold-based monetary system will necessarily prevent fiscal imprudence. Once achieved, the discipline of the gold standard would surely reinforce anti-inflation policies, and make it far more difficult to resume financial profligacy". "Considering where the policies of the last 50 years have eventually led us, perhaps there are lessons to be learned from our more distant gold standard past". Alan Greenspan 1998 "The potential for accelerating inflation is probably greater than the risk of protracted, excessive weakness in the economy".