Alan Greenspan’s Deceitful Legacy

Source: Ludwig von Mises Institute
by George Ford Smith

“When asked why he robbed banks, Willie Sutton reportedly said, ‘Because that’s where the money is.’ That wasn’t necessarily a wisecrack, and Sutton denied having said it, though late in life he admitted, if he had been asked, that likely would be his reply. Success for some is measured by the amount of money they have, and banks are known to have lots of it. For a bank robber, it’s a matter of switching ownership of it through a threatened act of violence. Sutton, though, was not a violent man and never killed anyone. … You can rob a bank and take ownership of the money you take. Or you can control a central bank and steal the money’s purchasing power from under our noses. Willie Sutton was a thief. And Alan Greenspan?” (07/20/26)

https://mises.org/mises-wire/alan-greenspans-deceitful-legacy