Alan Greenspan, a student of Objectivist philosopher-novelist Ayn Rand, publishes “Gold and Economic Freedom”:

       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 the make its holding illegal, as there was done in the case of gold. … This is the shabby secret of the welfare statists’ tirades against gold Deficit [sic] spending is simply a scheme for the “hidden” confiscation of wealth.  Gold stands in the way of this insidious process.  It strands as a protector of property rights.  If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard. 

       Postscript: Twice Greenspan had the opportunity to put his words into practice.  He served as Chairman of the Council of Economic Advisers, for Republican (fascist/socialist) de facto of President Ford (25th amendment), from 1974 to 1977, and Chairman of the Board of Governors (a Federal agency) that oversees the privately owned Federal Reserve System of (central) Banks, (the second most powerful office in the nation), from 1987 to 2006.  Instead Greenspan inflated the money supply with more paper credit than any other “Fed Chairman” up to his time.

       [restored 10/14/2022] Thanks to Dave Seely for this entry.