"In the absence of the gold standard, there is no way to protectsavings from confiscation through inflation. ... This is the shabbysecret of the welfare statists' tirades against gold. Deficit spendingis simply a scheme for the confiscation of wealth. Gold stands in theway of this insidious process. It stands as a protector of propertyrights. If one grasps this, one has no difficulty in understanding thestatists' antagonism toward the gold standard."
-Alan Greenspan
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