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Fed Former Chair Greenspan: Brexit Paves Way for ‘Gold Standard'
[Breitbart] Although former Federal Reserve Chairman Alan Greenspan said the UK referendum to leave the EU was a "terrible mistake" that led to a "terrible outcome in all respects," he now expects "Brexit" will cause an inevitable return to the "gold standard."In 1966, Greenspan published "Gold and Economic Freedom" in Ayn Rand's "Objectivist" libertarian newsletter to praise the virtues of the gold standard: An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense -- perhaps more clearly and subtly than many consistent defenders of laissez-faire -- that gold and economic freedom are inseparable, that the gold standard is an instrument of laissez-faire and that each implies and requires the other. Posted by: Besoeker 2016-07-12 |
| http://www.rantburg.com/poparticle.php?ID=461431 |