Comments (3)

• Jeremy

  Based on his essay in Capitalism: The Unknown Ideal where he praises a 'true gold standard' (in his mind, convertibility is what makes a true gold standard, and not 100% reserves) and attacks central banks and governments attempts to expand the money supply and debase the currency, it would seem quite likely that Greenspan's hidden thesis is a concerted attack on central banks' and government's inflation of the money supply.

  Ah... the irony. It seems Greenspan turned to the dark side long ago and did away with his youthful ideals.

  Published: April 1, 2008 9:16 PM

• Per-Olof Samuelsson

  "...it would seem quite likely that Greenspan's hidden thesis is a concerted attack on central banks' and government's inflation of the money supply."

  Alas, that sounds very plausible.

  Published: April 2, 2008 10:25 AM

• rockwilder

  Whilst in academia, Greenspan was a staunch advocate of the gold standard, which he shortly abandoned after being embraced by Rockefeller and gang.

  see: Creature From Jekyll Island

  Published: April 2, 2008 11:30 AM