Quote by Alan Greenspan

An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense... that gold and economic freedom are inseparable.

An almost hysterical antagonism toward the gold standard is

Summary

This quote suggests that there is a strong, emotional opposition towards the gold standard among individuals who support the influence and control of the state in various ways. These statists fear the gold standard because they recognize the intrinsic link between it and economic freedom. The proponents of the gold standard believe that a monetary system tied to gold helps maintain economic liberty, preventing excessive government intervention and ensuring stability and trust in the economy. Therefore, the quote highlights how those who advocate for government control oppose the gold standard due to its association with economic freedom.

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By Alan Greenspan

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