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Quotes about Property rights

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 : US Economist, Chairman of the Federal Reserve Board
Alan Greenspan (1926 - )
 
Contributed by: peter. More quotes added by peter from all sources
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We don't have private property, only degrees of collectivism.

Peter Cajander
 
Contributed by: peter. More quotes added by peter from all sources
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