Alan Greenspan Quotes About Welfare

Quotes about: Welfare

• The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit. In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. 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. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard.

  Alan Greenspan

  Mean, Rights, Understanding

  "Alan Greenspan wants the US to go back on the gold standard" by Bill Bonner, www.businessinsider.com. July 10, 2016.

• Capitalism is based on self-interest and self-esteem; it holds integrity and trustworthiness as cardinal virtues and makes them pay off in the marketplace, thus demanding that men survive by means of virtue, not vices. It is this superlatively moral system that the welfare statists propose to improve upon by means of preventative law, snooping bureaucrats, and the chronic goad of fear.

  Alan Greenspan

  Integrity, Self Esteem, Mean

  "Word for Word/'Greenspan Shrugged'; When Greed Was a Virtue And Regulation the Enemy" by Bill Goldstein, www.nytimes.com. July 21, 2002.

• Stripped of its academic jargon, the welfare state is nothing more than a mechanism by which governments confiscate the wealth of the productive members of a society to support a wide variety of welfare schemes.

  Alan Greenspan

  Government, Support, Political

  "Greenspan’s Testimony: Will the ‘Maestro’ Face the Music?" by Richard (RJ) Eskow, www.huffingtonpost.com. June 5, 2010.

• facebook
• twitter
• googleplus
• email
• linkedin

• facebook
• twitter
• googleplus
• email
• linkedin