"Inflation is not caused by the actions of private citizens,
but by the government: by an artificial expansion of the money supply
required to support deficit spending. No private embezzlers or bank
robbers in history have ever plundered people’s savings on a scale
comparable to the plunder perpetrated by the fiscal policies of
statist governments."
by:
Ayn Rand
(1905-1982) Author
Source:
Who Will Protect Us From Our Protectors?, The Objectivist Newsletter, May 1952.
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Reader comments about this quote:
It's a wonder that Greenspan was a "friend" at all with such a statement ! They must have just "partied" together I guess.
 -- Dr. Tom LaMar, Keeseville, NY     
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    Unlike government, when a thief robs you, he doesn't try to convince you that it's done for your own good.
     -- jim k, Austin, Tx     
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    Increasing "minimum wage" from time to time over the years is part of this plundering of peoples savings. Minimum wage sounds good to some, but it cost very much for almost all.
     -- wayne, naples     
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    Volumes could and should be written here on the subject to show the depth of the quote's accuracy.
     -- Mike, Norwalk     
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    I remember in economics class how the government wants to keep a little inflation going each year. I didn't understand it then and I still don't understand it.
     -- cal, lewisville, tx     
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    Since the Federal Reserve's inception, the value of the currency has dropped 95% of its value -- and what do we have to show for it? A massive unpayable national debt, most citizens owing more than they have saved, a runaway Congress with an unlimited credit line, no checks and balances, and a fascist government supported by both sides of the aisle. It has been the tool to take over the United States from within -- and hardly one man in one million understands how it works.
     -- E Archer, NYC     
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    The tools of the enemy are capitalism, communism, and terrorism along with a subservient media. Common sense, blood allegiance and the removal of the cancer, not wasting time criticizng the symptoms is the answer.
     -- Mark Edwards, Greater Orlando     
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    Ditto, Mr. archer's comments above.
     -- Mark Edwards, Greater Orlando     
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    Mark from Orlando, where have you seen or heard a laisse faire investment of capital (non-debt instruments) in a free market? Not in any nation that would claim a relationship to the UN. If you use the new fascist (corporatism) re-definition of capitalism, I understand your comment.
     -- Mike, Norwalk     
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     -- Rusty, Where the buffalo roam, USA      
     -- Anonymous      
     -- Anonymous      
     -- Anonymous      
     -- Anonymous, Round Rock      
     
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