Greenspan says we need a goldstandard.

[DcifrThs]

[ QUOTE ]
Things not said in this interview: "We need a gold standard."

Things said in this interview:
Interviewer: "Why do we need the Fed?"
AG: "With fiat money, you need a mechanism like a gold standard, a currency board, or some other mechanism to constrain the gov't's ability to print money."

"I think we did well with the international gold standard around the turn of the century."

[/ QUOTE ]

yea this is hilarious. reading comprehension FTW!

boro posted this in BFI and now OAFK posts it here. greenspand didn't say he supports the gold lstandard. he was answering a question about why we need the fed

Barron