From Mike G
May 2, 2005
"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. If there were, the government would have to make its holding
illegal, as was done in the case of gold. . . . The financial policy of
the welfare state requires that there be no way for the owners of wealth
to protect themselves. This is the shabby secret of the welfare statists'
tirades against gold. Deficit spending is simply a scheme for the confiscation
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