Greenspan and the Gold Standard: Thinking Out Loud

I wish Congress would have had the courage to ask Greenspan why he abandoned his principles he so eloquently (and correctly) wrote about in 1966 before becoming a government sell-out like the rest of them (rather than Grandstanding, but nothing new with that).  By framing the debate between regulation and free markets (Waxman and all the other Democrats versus Greenspan) they totally miss that we can't have free markets without a gold standard and that every paper currency throughout the 5000-yr history of man has failed -- wow that is some track record.  The real issue is the gold and we are certain to come learn that lesson very soon now, and it is going to be tragic and painful.  Read Greenspan's own words...before he sold out to fiat currencies and then to free markets...

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