"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."

Absence, Gold, Inflation, Value

98

Create Your Own Wallpaper

Standard

Customized

Exlpore more Absence quotes

"Freedom in general may be defined as the absence of obstacles to the realization of desires."

Bertrand Russell, British Philosopher

Absence, Freedom, May, Obstacles

"The whole religious complexion of the modern world is due to the absence from Jerusalem of a lunatic asylum."

Thomas Paine, English Writer

Absence, Religious, World

"The greatest threat to freedom is the absence of criticism."

Wole Soyinka, Nigerian Dramatist

Absence, Criticism, Freedom

"Judicious absence is a weapon."

Charles Reade, English Novelist

Absence,

"I dote on his very absence."

William Shakespeare, English Dramatist

Absence,

"Sport is part of every man and woman's heritage and its absence can never be compensated for."

Pierre de Coubertin, French Leader

Absence, Man, Woman

"Absolute liberty is absence of restraint; responsibility is restraint; therefore, the ideally free individual is responsible to himself."

Henry B. Adams, American Historian

Absence, Liberty, Responsibility, Restraint

"In the absence of that, I am happy to play solo, but I don't think there is any comparison."

Derek Bailey, English Musician

Absence, Play

"We seem, as it were, to have conquered and peopled half the world in a fit of absence of mind."

John Robert Seeley, English Writer

Absence, Mind, World

"Grace is the absence of everything that indicates pain or difficulty, hesitation or incongruity."

William Hazlitt, English Critic

Absence, Difficulty, Grace, Hesitation

Explore more quotes by Alan Greenspan

"I have found no greater satisfaction than achieving success through honest dealing and strict adherence to the view that, for you to gain, those you deal with should gain as well."

Success

"We need, in effect, to make the phantom 'lock-boxes' around the trust fund real."

Trust

"An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense... that gold and economic freedom are inseparable."

Freedom

"Anything that we can do to raise personal savings is very much in the interest of this country."

Nation

"Look, I'm very much in favor of tax cuts, but not with borrowed money. And the problem that we've gotten into in recent years is spending programs with borrowed money, tax cuts with borrowed money, and at the end of the day that proves disastrous. And my view is I don't think we can play subtle policy here."

Money

"Whatever you tax, you get less of."

Tax

"I was a good amateur but only an average professional. I soon realized that there was a limit to how far I could rise in the music business, so I left the band and enrolled at New York University."

Music

"Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs."

Economy

"I don't know where the stock market is going, but I will say this, that if it continues higher, this will do more to stimulate the economy than anything we've been talking about today or anything anybody else was talking about."

Economy

"To succeed, you will soon learn, as I did, the importance of a solid foundation in the basics of education - literacy, both verbal and numerical, and communication skills."

Education