Share on Facebook Share on Twitter Comment on this quote Share via Email Print this Page [141-160] of 383 Money quotesMoney QuotesMoney Previous 20 quotes Next 20 quotes As long as we issue fiat currency, I see no alternative to a legal tender law.~ Alan Greenspan Inflation has now been institutionalized at a fairly constant 5% per year. This has been determined to be the optimum level for generating the most revenue without causing public alarm. A 5% devaluation applies, not only to the money earned this year, but to all that is left over from previous years. At the end of the first year, a dollar is worth 95 cents. At the end of the second year, the 95 cents is reduced again by 5%, leaving its worth at 90 cents, and so on. By the time a person has worked 20 years, the government will have confiscated 64% of every dollar he saved over those years. By the time he has worked 45 years, the hidden tax will be 90%. The government will take virtually everything a person saves over a lifetime.~ G. Edward Griffin The wages of the average American worker, after inflation and taxes, have decreased 17% since 1973, the only Western industrial nation to so suffer.~ Martin Gross In the general course of human nature, A power over a man's subsistence amounts to a power over his will.~ Alexander Hamilton All communities divide themselves into the few and the many. The first are the rich and the well-born; the other the mass of the people ... turbulent and changing, they seldom judge or determine right. Give therefore to the first class a distinct, permanent share in the Government ... Nothing but a permanent body can check the imprudence of democracy.~ Alexander Hamilton There is no prospect that today's younger workers will receive all the Social Security and Medicare benefits currently promised them.~ Dorcas Hardy Banks lend by creating credit. They create the means of payment out of nothing.~ Ralph M. Hawtrey With the exception only of the period of the gold standard, practically all governments of history have used their exclusive power to issue money to defraud and plunder the people.~ Friedrich August von Hayek To be controlled in our economic pursuits means to be controlled in everything.~ Friedrich August von Hayek The history of government management of money has, except for a few short happy periods, been one of incessant fraud and deception.~ Friedrich August von Hayek There can be no doubt that besides the regular types of the circulating medium, such as coin, notes and bank deposits, which are generally recognised to be money or currency, and the quantity of which is regulated by some central authority or can at least be imagined to be so regulated, there exist still other forms of media of exchange which occasionally or permanently do the service of money. Now while for certain practical purposes we are accustomed to distinguish these forms of media of exchange from money proper as being mere substitutes for money, it is clear that, other things equal, any increase or decrease of these money substitutes will have exactly the same effects as an increase or decrease of the quantity of money proper, and should therefore, for the purposes of theoretical analysis, be counted as money.~ Friedrich August von Hayek The monetary managers are fond of telling us that they have substituted 'responsible money management' for the gold standard. But there is no historic record of responsible paper money management ... The record taken as a whole is one of hyperinflation, devaluation and monetary chaos.~ Henry Hazlitt Someone has to borrow every dollar we have in circulation, cash or credit.~ Robert Hemphill If all the bank loans were paid, no one could have a bank deposit, and there would not be a dollar of coin or currency in circulation. This is a staggering thought. We are completely dependent on the commercial Banks. Someone has to borrow every dollar we have in circulation, cash or credit. If the Banks create ample synthetic money we are prosperous; if not, we starve. We are absolutely without a permanent money system. When one gets a complete grasp of the picture, the tragic absurdity of our hopeless position is almost incredible, but there it is. It is the most important subject intelligent persons can investigate and reflect upon. It is so important that our present civilization may collapse unless it becomes widely understood and the defects remedied very soon.~ Robert Hemphill The problem is, of course, that not only is economics bankrupt but it has always been nothing more than politics in disguise ... economics is a form of brain damage.~ Hazel Henderson Talk is cheap -- except when Congress does it.~ Cullen Hightower For the folk-community does not exist on the fictitious value of money but on the results of productive labour, which is what gives money its value.~ Adolf Hitler Gold is not neccesary. I have no interest in gold. We will build a solid state, without an ounce of gold behind it. Anyone who sells above the set prices, let him be marched off to a concentration camp. That's the bastion of money.~ Adolf Hitler A man is usually more careful of his money than of his principles.~ Oliver Wendell Holmes, Jr. Things may be cheaper over the hill, but there is a cost to the community in buying over there, instead of here.~ Margaret House Previous 20 quotes Next 20 quotes Share on Facebook Tweet Email Print