According to DuckDuckGo AI (using GPT-4o-mini) : The quote “By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens” is attributed to Friedrich Hayek, an Austrian-British economist and philosopher known for his ...

Not quite as pithy, but making the same point, AI agrees, The passage you quoted is from Alan Greenspan, who served as the Chairman of the Federal Reserve from 1987 to 2006. This excerpt is from his essay titled "Gold and Economic Freedom," which was published in 1966. In this essay, Greenspan discu...