interesting greenspan interview.
http://prisonplanet.com/articles/sep...7Greenspan.htm
he said a central bank not necessary when on the gold standard, but by the 1930's it was felt that the gold standard was bad. well no duh, since fed was 1913-14.
I mean wouldn't a central bank want to get rid of the gold standard?
logicians, if central bank not necessary when on teh gold standard, what is "gold standard not necessary when there is a central bank"?