"This persistence as private firms continued because it ensured the maximum of anonymity and secrecy to persons of tremendous public power who dreaded public knowledge of their activities as an evil almost as great as inflation"
About this Quote
The key move is his inversion of what’s supposed to be normal. In a democracy, the public expects transparency and treats secrecy as an exception. Quigley flips it: secrecy becomes the functional requirement of “persons of tremendous public power.” The sentence doesn’t moralize with obvious villain language; it builds a colder claim that anonymity is an operational advantage, like liquidity or leverage. “Ensured the maximum” reads like a design spec. This is not accidental opacity; it’s engineered.
His most revealing phrase is “dreaded public knowledge… almost as great as inflation.” That comparison drags the argument out of ethics and into political economy. Inflation is the classic mass-level legitimacy crisis: it makes everyone feel the system is lying about value. Quigley suggests public knowledge can trigger a similar crisis for elites, exposing not just decisions but networks, conflicts of interest, and the gap between stated purpose and real intent.
Context matters: Quigley wrote in the mid-century shadow of central banking, corporate consolidation, and Cold War national-security secrecy. “Private firms” here signals the hybrid zone where state authority, finance, and expertise mingle - a place accountability goes to die while influence stays perfectly alive.
Quote Details
| Topic | Privacy & Cybersecurity |
|---|---|
| Source | Help us find the source |
| Cite |
Citation Formats
APA Style (7th ed.)
Quigley, Carroll. (2026, January 17). This persistence as private firms continued because it ensured the maximum of anonymity and secrecy to persons of tremendous public power who dreaded public knowledge of their activities as an evil almost as great as inflation. FixQuotes. https://fixquotes.com/quotes/this-persistence-as-private-firms-continued-45798/
Chicago Style
Quigley, Carroll. "This persistence as private firms continued because it ensured the maximum of anonymity and secrecy to persons of tremendous public power who dreaded public knowledge of their activities as an evil almost as great as inflation." FixQuotes. January 17, 2026. https://fixquotes.com/quotes/this-persistence-as-private-firms-continued-45798/.
MLA Style (9th ed.)
"This persistence as private firms continued because it ensured the maximum of anonymity and secrecy to persons of tremendous public power who dreaded public knowledge of their activities as an evil almost as great as inflation." FixQuotes, 17 Jan. 2026, https://fixquotes.com/quotes/this-persistence-as-private-firms-continued-45798/. Accessed 12 Feb. 2026.




