Alan GreenspanAlan Greenspan, (1926- ) Chairman of the Federal Reserve Board of Governors (1987-2006)

Alan Greenspan Quote

“We can guarantee cash benefits as far out and at whatever size you like, but we cannot guarantee their purchasing power.”

Alan GreenspanAlan Greenspan
~ Alan Greenspan
(1926- ) Chairman of the Federal Reserve Board of Governors (1987-2006)
appearing before the Senate Banking Committee on February 15, 2005, in response to Democratic Senator Jack Reed of Rhode Island on the topic of funding Social Security.

Economics , Fed , Fiat , Inflation , Power , Theft

Ratings and Comments


J Carlton, Calgary
  • 1
  • Reply
J Carlton, Calgary    8/31/12

Read as: " We can issue currency in vast amounts (and we do, its called stimulus) but in a very short time it will be worthless" Go back to sleep America, everything is fine.

Mike, Norwalk
  • 1
  • Reply
Mike, Norwalk    8/31/12

5 stars for accuracy and a thumbs down for what the accuracy has done to a once free and prospering people.

@

Get a Quote-a-Day!

Liberty Quotes sent to your mail box daily.