Elgin Groseclose Quotes

United States, Economist
November 25, 1899 – April, 7, 1983.

Elgin Earl Groseclose was an American economist, statesman, and author. Elgin Groseclose was born in 1899 in Waukomis, Oklahoma. After working as special assistant to Arthur Millspaugh's economic mission in Persia, he was appointed Treasurer-General of Persia by the order of the parliament of Iran in 1943. He also headed the Persian Relief Commission and wrote a book entitled Introduction to Iran.

Also known as Statesman, Author

Until government administrators can so identify the interests of government with those of the people and refrain from defrauding the masses through the device of currency depreciation for the sake of remaining in office, the wiser ones will prefer to keep as much of their wealth in the most stable and marketable forms possible - forms which only the precious metals provide.

Elgin Groseclose
The use of the word royalty, as fee to a proprietor for the exploitation of a work or property, derives from the period when the sovereign assumed title to all wealth of the realm. It was the struggle for freedom from these encroachments of the state that chiefly marked the Nineteenth Century, and established everywhere constitutional regimes of limited authority. In the Twentieth Century, however, we have witnessed a gradual and almost unrestricted movement back to state authoritarianism, primarily in the economic sphere, accompanied by the spread of state monopoly and intervention.

Elgin Groseclose
- Work
- Freedom
- Wealth