|Open Wiki||Open InfoG||New Quote|
"In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. ... This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard."
Alan Greenspan (more quotes by Alan Greenspan or books by/about Alan Greenspan)
(1926- ) Chairman of the Federal Reserve Board of Governors (1987-2006)
from page 101 of the book "Capitalism, the Unknown Ideal"
by Ayn Rand with additional articles by Alan Greenspan - 1966
Banking, Capitalism, Commerce, Constitution, Debt, Economics, Fed, Freedom, Gold, IMF, Integrity, Liberty, Money, Power, Property, Prosperity, Rothschild, Sovereignty, Statism, Tax, Taxation, Tyranny, Wealth, Welfare