Alan greenspan

Any informed borrower is simply less vulnerable to fraud and abuse.

Keeping out competitively priced goods would materially lower our standard of living.

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.

I think we're toward the end of a period of real weakness and, by the third quarter, all the money (Fed Chairman Alan) Greenspan and the Fed have been pumping out will start to be spent.

As I have said previously to this committee, because of the nature of the type of acceleration in productivity and dynamic change that is occurring in the American economy, my first priority would be to allow as much of the surplus to flow through into a reduction in debt to the public,