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As long as we issue fiat currency, I see no alternative to a legal tender law. – Alan Greenspan
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. – Alan Greenspan
Any informed borrower is simply less vulnerable to fraud and abuse. – Alan Greenspan
Gold still represents the ultimate form of payment in the world. Fiat money in extremis is accepted by nobody. Gold is always accepted. – Alan Greenspan