Does Alan Greenspan make the case that "Deficit spending is simply a scheme for the confiscation of wealth"?

anisaampatuan · 2020-06-07T06:10:54.020Z

In his 1967 paper titled "Gold and Economic Freedom" does Alan Greenspan make the case that "Deficit spending is simply a scheme for the confiscation of wealth"? Is the claim valid, that earnings saved lose value and that this loss in value is due to deficit spending and credit expansion? The PDF of the paper can be found here: http://www.thefinancialpanner.com/wp-content/uploads/2009/11/AlanGreenspan-GoldEconomicFreedom.pdf Argument for and against are welcome.

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