Alan Greenspan wrote a 1966 essay arguing gold-backed money was essential to freedom, that fiat currency would destroy savings and fund endless government expansion — then became Fed Chair, took rates to 1%, started quantitative easing, and did every single thing he said was evil. Tony Arterburn of Wise Wolf Gold and David Knight use Greenspan's death as a lens on where his successors have left us: $40 trillion in official debt, $350 trillion in global sovereign debt, and a Fed with no Volcker option because the interest payments alone would collapse the Treasury before inflation was ever tamed.
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