• 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: 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.
    Ayn Rand, Nathaniel Branden, Alan Greenspan, Robert Hessen (1986). “Capitalism: The Unknown Ideal”, p.94, Penguin