Alan Greenspan Quote - Liberty Quotes Blog

"We can guarantee cash benefits as far out and at whatever size you like,
but we cannot guarantee their purchasing power."

by:	Alan Greenspan (1926- ) Chairman of the Federal Reserve Board of Governors (1987-2006)
Source:	appearing before the Senate Banking Committee on February 15, 2005, in response to Democratic Senator Jack Reed of Rhode Island on the topic of funding Social Security.
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Categories:	Economics, Fed, Fiat, Inflation, Power, Theft
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Reader comments about this quote:

Read as: " We can issue currency in vast amounts (and we do, its called stimulus) but in a very short time it will be worthless" Go back to sleep America, everything is fine. -- J Carlton, Calgary 1
5 stars for accuracy and a thumbs down for what the accuracy has done to a once free and prospering people. -- Mike, Norwalk 1
n -- yfvyby, rbihji