Alan Greenspan says gold standard would have reined in debt
Former Fed chair says US would not be so indebted if it operated on the gold standard
Former Federal Reserve chairman Alan Greenspan has said he believes the US would not be in its current position of indebtedness "were we on the gold standard".
In an interview with the World Gold Council in February, Greenspan explained the US economy has got itself into a position where infrastructure spending is "sorely needed", spending that he believes will have to be funded by government debt.
"We are already in danger of seeing the ratio of federal debt to GDP edging toward triple digits,"
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