Institutions of the newer participants in global finance had not been tested, until recently...recent crisis have underscored certain financial structure vulnerabilities that are not readily assuaged in the short run.
Alan GreenspanIn the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.
Alan GreenspanAnything that we can do to raise personal savings is very much in the interest of this country.
Alan Greenspan