Identify the Person
Here is the first in a series of Who Said the Following?
On an intermittent basis, I will present some quotes from a person and ask readers to identify the individual. If you think you know or you would just like to guess, send in your answer via a comment. It can be either public or private.
Here is the set of quotes by this person:
The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves. Deficit spending is simply a scheme for the confiscation of wealth.
… 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. A substantial part of the confiscation is effected by taxation. But the welfare statists were quick to recognize that if they wished to retain political power, the amount of taxation had to be limited and they had to resort to programs of massive deficit spending, i.e., they had to borrow money, by issuing government bonds, to finance welfare expenditures on a large scale.
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 answer will be provided in a day or so.
To help get you started, the answer is one of the following people:
- Voltaire
- Ronald Reagan
- Robert Reich
- John Maynard Keynes
- Margaret Thatcher
- Thomas Sowell
- Karl Marx
- Alan Greenspan
- Andrew Jackson
- Paul Krugman
- Albert J. Nock
- Murray Rothbard
- Alfred Hitchcock
- Milton Friedman
- Herbert Spencer
- Cicero
- Thomas Jefferson
- Ludwig von Mises
Let me know if you want your name revealed or withheld.
Greenspan, before he turned to the Dark Side.
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It’s too easy Monty Python said it just after he powered his nose. All deep thoughts take place just inches above cold water. I think I got a no-hitter going–throw me another!
I’m thinking Milton Friedman. Go ahead, embarrass me…….
I’m seeing some positively Greenspan but that’s not the Greenspan I’m familiar with so I’m going with either Milton or Sowell-if it is Greenspan, WTF happened to him?
I say milton, it is a little to sophisticatrd for Reagan.
Sowell and Thatcher said many similar things of course: but their diction is diiefernt
I don’t know this side of greenspan:I do know ayn rand and it does also “sound” like her
But. I never heard /saw greenspa say this
I will stick with milton as von mises had more formal diction an welfare state is a concept that milton discussed often
I tought it was ludwick v mises
Or milton freedman
I see others think its greenspan???
I only know greenspan in last 20 years so …
It sounds like milton friedman to m. e
As unbelievable as it seems, this is no doubt a quote from the mystro himself. The pathological liar, Alan Greenspan.
Ayn Rand called him an opportunist, a gross understatement.
Allan Greenspan when he was an acolyte of Any Rand.
The answer is Alan Greenspan.
Very Austrian. That would be Milty, Murray, or Ludwig, but I can’t Nock Sowell. If this is being Spun by Green, it’s to distract us from his legacy.
[...] Monty Pelerin asks his readers to name the author of the following quote: The financial policy of the welfare state requires that there be no way for the owners of wealth [...]
I am looking forward to Hitchcock’s contribution to the financial debate but this “horror story” is Greenspan
Alan Greenspan. He must have had some sort of strange reverse epiphany after 1966.