Alan Greenspan
Further proof this guy is a fucking idiot. A quote from Alan Greenspan from 1966
The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit.... 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.... Deficit spending is simply a scheme for the "hidden" confiscation of wealth.... [Gold] stands as a protector of property rights."
Dear Mr. Fucking Moron Greenspan.
Note, asshole, that inflation is as low as it has ever been. Note, shit-for-brains, that I can't imagine property rights being stronger. Corporations and their property have rights far exceeding those of even governments, now.
MORON LIST
Jude Wanniski (founder of Supply Side Economic theory, in its modern form)Alan GreenspanLudwig von Misesmy father
America left the gold standard in 1933, and these nitwits are STILL whining!
It's been seventy years, and the only 70 years in history without a depression, and these stupid, stupid, stupid, motherfuckers can't get it through their thick fucking skulls.
Lucky for von Mises, he is dead, so can no longer be embarassed by his own stupidity.
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