Thursday, September 10, 2009
I normally don't go out of my way to quote Alan Greenspan... but I'll happily make an exception here. The words that he utters are blasphemous in the hallowed halls of fiat currency. The headline hints, but the quotes from Sir Alan in this 6-paragraph story are astonishing. When he told Representative Ron Paul [R-Texas] many years back that he would never change a word of his Gold and Economic Freedom essay that he wrote for Ayn Rand in her 1966 book Capitalism: The Unknown Ideal... it appears that he wasn't kidding. The story, which is headlined "Gold Rally Signals Move Away From Currencies, Greenspan Says"... is linked http://www.bloomberg.com/apps/news?pid=20601083&sid=acrGvxBXPDfk.