Share on Facebook Share on Twitter Comment on this quote Share via Email Print this Page [561-579] of 579 Economics quotesEconomics QuotesEconomics Previous 20 quotes We are in danger of being overwhelmed with irredeemable paper, mere paper, representing not gold nor silver; no sir, representing nothing but broken promises, bad faith, bankrupt corporations, cheated creditors and a ruined people.~ Daniel Webster Of all contrivances for cheating the laboring classes of mankind, none has been more effective than that which deludes them with paper money.~ Daniel Webster The first of the dreams that [my parents] instilled in me was individual responsibility and accountability. They taught me that in life you have consequences to each and every decision that you make, and when you try to shy away from those decisions, when you try to shy away from those consequences then someone will come in and allow you to be seen as a victim, and when you become seen as a victim, it’s a spiraling slope downward and downward. Before the next thing you know, you become dependent upon something and right here in the United States of America this is one of the things that we combat against because too many Americans are being castigated as victims. Too many Americans are not being individually responsible and accountable. Too many Americans are becoming dependent upon government and therefore government continues to grow. My parents and their dream was to have a son that was not a victim, but a son that was a victor, and that enables me to stand here before you today.~ Col. Allen West The banks do create money. They have been doing it for a long time, but they didn't realise it, and they did not admit it. Very few did. You will find it in all sorts of documents, financial textbooks, etc. But in the intervening years, and we must be perfectly frank about these things, there has been a development of thought, until today I doubt very much whether you would get many prominent bankers to attempt to deny that banks create it.~ H. W. White Many politicians and pundits claim that the credit crunch and high mortgage foreclosure rate is an example of market failure and want government to step in to bail out creditors and borrowers at the expense of taxpayers who prudently managed their affairs. These financial problems are not market failures but government failure. ... The credit crunch and foreclosure problems are failures of government policy.~ Walter E. Williams Wealth comes from successful individual efforts to please one’s fellow man ... that’s what competition is all about: “out pleasing” your competitors to win over the consumers.~ Walter E. Williams Communism and socialism is [sic] seductive. It promises us that people will contribute according to ability and receive according to needs. Everybody is equal. Everybody has a right to decent housing, decent food and affordable medical care. History should have taught us that when we hear people talk this stuff -- watch out!~ Walter E. Williams Conservatives and liberals are kindred spirits as far as government spending is concerned. ... Since government has no resources of its own, and since there’s no Tooth Fairy handing Congress the funds for the programs it enacts, we are forced to recognize that government spending is no less than the confiscation of one person’s property to give it to another to whom it does not belong -- in effect, legalized theft.~ Walter E. Williams All we have to do now is to inform the public that the payment of social security taxes is voluntary and watch the mass exodus.~ Walter E. Williams The revulsion against war ... will be an almost insuperable obstacle for us to overcome. For that reason, I am convinced that we must begin now to set the machinery in motion for a permanent wartime economy.~ Charles E. Wilson We have restricted credit, we have restricted opportunity, we have controlled development, and we have come to be one of the worst ruled, one of the most completely controlled and dominated, governments in the civilized world--no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and the duress of small groups of dominant men.~ Woodrow Wilson Since I entered politics, I have chiefly had men's views confided to me privately. Some of the biggest men in the U.S., in the field of commerce and manufacturing, are afraid of somebody, are afraid of something. They know that there is a power somewhere so organized, so subtle, so watchful, so interlocked, so complete, so pervasive, that they had better not speak above their breath when they speak in condemnation of it.~ Woodrow Wilson A great industrial nation is controlled by its system of credit. Our system of credit is privately concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men who, even if their action be honest and intended for the public interest, are necessarily concentrated upon the great undertakings in which their own money is involved and who necessarily, by very reason of their own limitations, chill and check and destroy genuine economic freedom.~ Woodrow Wilson I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the civilized world. No longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men.~ Woodrow Wilson In Washington, D.C. it costs $7,000 in city fees to open a pushcart. In California, up to eighty federal and state licenses are required to open a small business. In New York, a medallion to operate a taxicab costs $150,000. More than 700 occupations in the United States require a government license. Throughout the country, church soup kitchens for the homeless are being closed by departments of health. No wonder so many people turn to crime and violence to survive.~ Jarret B. Wollstein Where would we be if we had I.O.U.'s scrip and certificates floating all around the country?" Instead he decided to "issue currency against the sound assets of the banks. [As opposed to issuing currency against gold.] The Federal Reserve Act lets us print all we'll need. And it won't frighten the people. It won't look like stage money. It'll be money that looks like real money.~ William Hartman Woodin To enjoy freedom, if the platitude is pardonable, we have of course to control ourselves. We must not squander our powers, helplessly and ignorantly, squirting half the house in order to water a single rose-bush; we must train them, exactly and powerfully, here on the very spot.~ Virginia Woolf Capital will always go where it’s welcome and stay where it’s well treated. Capital is not just money. It’s also talent and ideas. They, too, will go where they’re welcome and stay where they are well treated.~ Walter Wriston Police State: A state in which the government exercises rigid and repressive controls over the social, economic, and political life of the people, especially by means of a secret police force.~ Yahooligans Reference Previous 20 quotes Share on Facebook Tweet Email Print