[justshutupandtakeit]

Greenspan is no more an advocate now of the gold standard than I am. Try another deception. His Randian delusions are things of the past. Ayn's monetary and economic theories are as simple minded as her novels. They are to Economics as her fiction is to great literature and her "philosophy" is to philosophy. Not to be taken seriously.

The problem with the GS standard is that it does not allow sufficient liquidity. That is the reason that western monetary history is a history of the attempts to get around it and provide a large enough money supply to keep the economy expanding.

Allowing a supersition to cause massive suffering and economic starvation is a thing of the past and it will never be resurrected. It never worked well anyway.

[AdamSelene235]

Greenspan is no more an advocate now of the gold standard than I am. Try another deception.

In 2002 Ron Paul presented Sir Alan with a copy of “Gold and Economic Freedom.” and asked Mr. Greenspan to autograph it and asked him if he would change anything. Mr. Greenspan said, “Not a word!”

Similarly in 1993, Dr. Lawrence Parks asked him if he still agreed with the reasoning and the conclusions he drew in that article. " He looked me right in the face and said, “Absolutely!” "

Allowing a supersition to cause massive suffering and economic starvation is a thing of the past and it will never be resurrected. It never worked well anyway.

It is no more a superstition than the belief the government should control the money supply.

Furthermore, I'm not arguing for a GS. I'm arguing for an end of government control of money.

Something big happened to M3 back in 1995, right about the time Clinton needed to be re-elected. The expansion hasn't stopped since.

Do you believe that our productivity has doubled along with the money supply since 1995 ?