Quotes on Finance

Alan Greenspan - Protect savings confiscation through inflation

Protect savings confiscation through inflation

In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. Deficit spending is simply a scheme for the 'hidden' confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights.

- Alan Greenspan - Topics: Inflation, Gold, Fiat Currency.