There is no actual record of Gaither ever saying or writing anything like this, and it would be weird since he was one of the first venture capitalists and a man who believed in capitalism almost religiously.

Gaither died in 1961. The quote never appeared anywhere until 1982 , when rabid-anti communist conspiracy theorist Norman Dodd was interviewed by the even more rabid conspiracy theorist G. Edward Griffin, and Dodd "remembered" this comment from more than 30 years prior in a rambling and paranoid interview filled with many such outrageous "admissions" by folks from the Ford Foundation, Carnegie Endowment and others.

Weirder still, Dodd asserts that Gaither made this outrageous admission against interest completely voluntarily and knowingly to an investigator from a congressional committee, but then immediately turned around and said he would never repeat it publicly; a bizarre chain of events that makes less sense than a nursery rhyme. And of course, the statements never found their way into either the records of the Reece Committee or its final report.

They just magically appear for the first time in this interview, 30 years later.

Unfortunately, the interview is also filled with a number of other claims that can actually be checked, and they generally prove to be wrong. For example, he describes how one of his investigators, a lawyer named Kathryn Casey was so upset by what they were discovering that she "she lost her mind as a result of it." In actuality, she retired in 1972 after a long and very distinguished career with the Federal Trade Commission.

Again... the quotation is a fake, apparently invented by Norman Dodd in 1982... 21 years after Gaither had died, and 30 after the comment had allegedly been made.