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.

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Alan Greenspan was a 20th-century American economist and financial advisor. Alan Greenspan is an American economist who served as the 13th chairman of the Federal Reserve from 1987 to 2006. He worked as a private adviser and provided consulting for firms through his company, Greenspan Associates LLC. Read more on Wikipedia →

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