Greenspan on Gold: Three Stages


by Gary North

“When our friends get elected, they aren’t our friends any more.” — M. Stanton Evans

My deceased friend Stan Evans became deservedly famous for this law of politics.

This law applies to high-level appointments.

Back in the days when I was starting out in my career, Alan Greenspan wrote an article for Ayn Rand’s Objectivist newsletter. It was pro-gold standard. It has been reprinted all over the Web. Back then, only a handful of us knew about it. I reviewed it in 2007 here.

Greenspan personally launched the modern era of extreme intervention by the Federal Reserve in order to stop a collapse in the stock market.

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