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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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Absence Confiscation God Inflation Protect Save

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How do we know when irrational exuberance has unduly escalated asset values?
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I think that real pressure is going to occur not by the initiation by the Federal Reserve, but by the markets themselves.
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…our market system depends critically on trust-trust in the word of our colleagues and trust in the word of those with whom we do business.
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Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.
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All taxes are a drag on economic growth. It’s only a question of degree.
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We are in the midst of a once-in-a-century credit tsunami. Central banks and governments are being required to take unprecedented measures.
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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.
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American and British authorities were also concerned about violence in an area that harbors a resource indispensable for the functioning of the word economy.
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Enhances a person’s ability to handle the more ambiguous and qualitative relationships that dominate our day-to-day financial decision-making
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Remember what we’re looking at. Gold is a currency. It is still, by all evidence, a premier currency, that no fiat currency, including the dollar, can match.
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It is regrettably the way human nature functions, whether we like it or not. What successful economies do is keep it to a minimum.
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It has been my experience that competency in mathematics, both in numerical manipulations and in understanding its conceptual foundations.
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Anyone willing to do what is required to become president of the United States is thereby barred from taking that office. I’m only half joking
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