March 11, 2010 Reading Time: < 1 minute

“An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense – perhaps more clearly and subtly than many consistent defenders of laissez-faire – that gold and economic freedom are inseparable, that the gold standard is an instrument of laissez-faire and that each implies and requires the other.

In order to understand the source of their antagonism, it is necessary first to understand the specific role of gold in a free society.” Read more.

“Gold and Economic Freedom”
Alan Greenspan
The Objectivist, 1966
Via Financial Sense.

Tom Duncan

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