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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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Abandonment Banking Credit Gold Made Possible Standard Statics System Use Welfare

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When trust is lost, a nation’s ability to transact business is palpably undermined.
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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.
ALAN GREENSPAN

Abandonment Banking Credit Gold Made Possible Standard Statics System Use Welfare
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We can see that in the inverse relationship exhibited by price/earnings ratios and the rate of inflation in the past.
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