Alan Greenspan wants the US to go back on the gold standard

REUTERS "Under a gold standard, the amount of credit that an economy can support is determined by the economy’s tangible assets, since every credit instrument is ultimately a claim on some tangible asset. […] The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit." — Alan Greenspan, 1966 BALTIMORE – That old rascal! Before joining the feds, former Fed chief Alan “Bubbles” Greenspan was a...