To be frank, going back into old Fed Reserve speeches, one is struck by both how similar today's problems are to past difficulties as well as how openly earlier Fed chiefs used to try to talk to Congress and the public. People thought Greenspan was very smart and clever because he talked in circles and made little rational sense. This supposedly made his many mysterious policies look difficult and thus, we had to trust him because he knew more than us little people. Well, that was a false front. Today, we go back to when I was born to see what Mc Chesney Martin Jr thought about Fed policies after WWII and during the Korean War. He is the Fed chief who shoved things to the bitter destruction of the gold standard and the devaluing of silver coinage.