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In the absence of the gold standard, there is no way to protect savings from confiscation through inflation.

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Absence Confiscation Good Inflation Protect Saving Standard

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Marilyn Monroe Paulo Coelho Abraham Lincoln C. S. Lewis Khalil Gibran Charlie Chaplin Gautama Buddha Isaac Newton

There is nothing to guarantee the superior judgment, knowledge, and integrity of an inspector or a bureaucrat-and the deadly consequences of entrusting him with arbitrary power are obvious.
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Arbitrary Death Guarantee Inspector Integrity Judgement Knowledge Nothing Superior
In the absence of the gold standard, there is no way to protect savings from confiscation through inflation.
ALAN GREENSPAN

Absence Confiscation Good Inflation Protect Saving Standard
No matter how skillful the trading scheme, over the long haul, abnormal returns are sustained only through abnormal exposure to risk.
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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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If I seem unduly clear to you, you must have misunderstood what I said.
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The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default.
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Always Debt Default Money Print Probability States United
This is the reason that history has not dealt kindly with the aftermath of protracted periods of low risk premiums.
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I love to play tennis and golf, listen to music, watch baseball and root for the Redskins.
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I made a mistake in presuming that the self-interests of organisations, specifically banks and others, were such that they were best capable of protecting their own shareholders and their equity in the firms.
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If we are dealing with psychology, then the thermometers one uses to measure it have an effect.
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Many of those who purchased their residence more than a year ago have equity buffers in their homes adequate to withstand any price decline other than a very deep one.
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Without calling the overall national issue a bubble, it’s pretty clear that it’s an unsustainable underlying pattern.
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The Iraq War is largely about oil.
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And the percentage changes in wage rates would be the same for all job grades.
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