“We have at this particular stage a fiat money which is essentially money printed by a government and it’s usually a central bank which is authorized to do so. Some mechanism has got to be in place that restricts the amount of money which is produced, either a gold standard or a currency board, because unless you do that all of history suggest that inflation will take hold with very deleterious effects on economic activity… There are numbers of us, myself included, who strongly believe that we did very well in the 1870 to 1914 period with an international gold standard.”
So far, there is only one possible GOP 2016 contender who is willing to take on the Fed and fiat money......and it ain't Marco Rubio.
greenspan is saying, rand paul can win an election like a snowball can survive in hades. bwahahhhhaahaahhaaah. bush/rubio is the establishment choice. establishment rules.
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