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A comment on Alan Greenspan Dies at 100; Led Fed During Boom Before 2008 Bust. Parent comment

Re:Alan Greenspan Dies at 100; Led Fed During Boom Before 20... by curiousllama on Monday June 22, 2026 @12:31PM (#48632409)
Yea, that's his point. The gold standard neither prevents nor encourages inequality, except inasmuch as it limits policy flexibility (which, similarly, could be used to promote or limit inequality).
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Re:Alan Greenspan Dies at 100; Led Fed During Boom Before 20... by hashmap on Monday June 22, 2026 @03:51PM (#48635159)
The gold standard mechanistically is a driver of wealth inequality, due to its deflationary effects and lack of a governmental mechanism to create more of it. It is not the only driver of wealth inequality, but when we used it that is what it did.
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Re:Alan Greenspan Dies at 100; Led Fed During Boom Before 20... by roughly on Monday June 22, 2026 @01:33PM (#48633178)
Policy flexibility is the only one of those that’s in theory responsive to democratic governance. Your opinion of whether that’s a good thing or not depends somewhat on which side of the inequality you’re on, I think.
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