Share on Facebook Share on Twitter Comment on this quote Share via Email Print this Page [1-20] of 21 Fiat quotesFiat QuotesFiat Next 20 quotes Our whole system of banks is a violation of every honest principle of banks. There is no honest bank but a bank of deposit. A bank that issues paper at interest is a pickpocket or a robber. But the delusion will have its course. ... An aristocracy is growing out of them that will be as fatal as the feudal barons if unchecked in time.~ John Adams While I live I will never resort to irredeemable paper.~ Napoleon Bonaparte ...it was the calculated 'shearing' of the public by the World-Money powers triggered by the planned sudden shortage of call money in the New York Market.~ Curtis Dall The American Republic will endure, until politicians realize they can bribe the people with their own money.~ Alexis de Tocqueville Since the federal constitution has removed all danger of our having a paper tender, our trade is advanced fifty percent. Our monied people can trust their cash abroad, and have brought their coin into circulation.~ The Pennsylvania Gazette Like all valuable commodities, truth is often counterfeited.~ James Cardinal Gibbons We can guarantee cash benefits as far out and at whatever size you like, but we cannot guarantee their purchasing power.~ Alan Greenspan Fiat-money systems tend to make people insatiable in their quest for ever higher monetary returns on their investments,~ Jorg Guido Hulsmann In a fiat money society you are more likely to increase your returns by remaining in debt and continuing to chase monetary revenue indefinitely by leveraging more and more funds.~ Jorg Guido Hulsmann You can imagine, then, how this inflation and debt-based system, over time, will begin to change the culture of a society and its behavior. We become more materialistic than under a natural monetary system. We can’t just sit on our savings anymore, and we have to watch our investments constantly, and think about revenue constantly, because if it is not earning enough, we are actively getting poorer.~ Jorg Guido Hulsmann The new law will create inflation whenever the trusts want inflation...they can unload the stocks on the people at high prices during the excitement and then bring on a panic and buy them back at low prices...the day of reckoning is only a few years removed.~ Charles A. Lindbergh, Sr. The Democratic Party is made up of trial lawyers, labor unions, government employees, big city political machines, the coercive utopians, the radical environmentalists, feminists, and others who want to restructure society with tax dollars and government fiat.~ Grover Norquist Whenever destroyers appear among men, they start by destroying money, for money is men’s protection and the base of a moral existence. Destroyers seize gold and leave to its owners a counterfeit pile of paper. This kills all objective standards and delivers men into the arbitrary power of an arbitrary setter of values. Gold was an objective value, an equivalent of wealth produced. Paper is a mortgage on wealth that does not exist, backed by a gun aimed at those who are expected to produce it. Paper is a check drawn by legal looters upon an account which is not theirs: upon the virtue of the victims. Watch for the day when it bounces, marked: "Account Overdrawn.~ Ayn Rand American money was never more sound, or banking more free, than 200 years ago. Since then, it’s been a long steady decline from the gold standard and competitive banking to our Fed-run system of inflated paper currency, deposit insurance, and perpetually shaky banks on the dole.~ Lew Rockwell [T]he only security men can have for their political liberty, consists in keeping their money in their own pockets ...~ Lysander Spooner It is said, mostly by Libertarians, that ‘taxation is theft.’ Theft is too mild a word. Typically, a thief strikes only once, and doesn’t pretend that his robbery is legitimate. Taxation is actually slavery.~ Rick Tompkins No state shall ... make any thing but gold and silver coin a tender in payment of debts; pass any bill of attainder, ex post facto law, or law impairing the obligation of contracts, or grant any title of nobility.~ U. S. Constitution The Congress shall have power: To coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures;~ U. S. Constitution Series 1863-1934 U.S. Gold Certificate - This is to certify that there have been deposited in the treasury of The United States of America [denomination face value, i.e. Ten Dollars] in gold coin payable to the bearer on demand. Series 1886-1963 U.S. Silver Certificate - This certifies that there is on deposit in the treasury of The United States of America [denomination face value, i.e. Ten Dollars] in silver payable to the bearer on demand. Series 1913-1934 Federal Reserve Note - Redeemable in gold on demand at the United States Treasury or in gold or lawful money at any Federal Reserve Bank. Series 1934-1963 Federal Reserve Note - This note is legal tender for all debts public and private and is redeemable in lawful money at the United States Treasury or at any Federal Reserve Bank. Series 1963- Federal Reserve Note - This note is legal tender for all debts, public and private.~ U. S. Currency It is a sobering fact that the prominence of central banks in this century has coincided with a general tendency towards more inflation, not less. [I]f the overriding objective is price stability, we did better with the nineteenth-century gold standard and passive central banks, with currency boards, or even with 'free banking.' The truly unique power of a central bank, after all, is the power to create money, and ultimately the power to create is the power to destroy.~ Paul Volcker Next 20 quotes Share on Facebook Tweet Email Print