Share on Facebook Share on Twitter Comment on this quoteShare via Email Print this Page Daily Quotes Archives2009-02-04 Feb 4, 2009Money, it has been said, is the cause of good things to a good man, of evil things to a bad man.~ Philo of AlexandriaBut with respect to future debt; would it not be wise and just for that nation to declare in the constitution they are forming that neither the legislature, nor the nation itself can validly contract more debt, than they may pay within their own age, or within the term of 19 years.~ Thomas JeffersonMoney and not morality is the principle of commerce and commercial nations.~ Thomas Jefferson Feb 3, 2009Gold still represents the ultimate form of payment in the world.~ Alan GreenspanBy the experience of commercial nations in all ages it has been found that gold and silver afford the only safe foundation for a monetary system. Confusion has recently been created by variations in the relative value of the two metals, but I confidently believe that arrangements can be made between the leading commercial nations which will secure the general use of both metals. Congress should provide that the compulsory coinage of silver now required by law may not disturb our monetary system by driving either metal out of circulation. If possible, such an adjustment should be made that the purchasing power of every coined dollar will be exactly equal to its debt-paying power in all the markets of the world.~ James A. GarfieldGold is still the ultimate store of wealth. It's the world's only true money. And there isn't much of it to go around. All of it ever mined would fit into a small building - a 56 foot cube. The annual world production would fit into a 14 foot cube, roughly the size of an ordinary living room. If each Chinese citizen were to buy just one ounce, it would take up the annual supply for the next 200 years.~ Mark Nestmann Feb 2, 2009Thinking to get at once all the gold the goose could give, he killed it and opened it only to find - nothing.~ AesopIf the Treasury were to fill old bottles with bank-notes, bury them at suitable depths in disused coal-mines which are then filled up to the surface with town rubbish, and leave it to private enterprise on well-tried principles of laissez-faire to dig the notes up again (the right to do so being obtained, of course, by tendering for leases of the note-bearing territory), there need be no more unemployment and, with the help of repercussions, the real income of the community, and its capital wealth, would probably become a good deal greater than it actually is.~ John Maynard KeynesMind Your Business~ U. S. Treasury Jan 30, 2009Every man, as long as he does not violate the laws of justice, is left perfectly free to pursue his own interest his own way, and to bring both his industry and capital into competition with those of any other man or order of men.~ Adam SmithIt is not from the benevolence of the butcher, the brewer, or the baker, that we expect our dinner, but from their regard to their own interest.~ Adam SmithThe natural effort of every individual to better his own condition, when suffered to exert itself with freedom and security is so powerful a principle that it is alone, and without any assistance, not only capable of carrying on the society to wealth and prosperity, but of surmounting a hundred impertinent obstructions with which the folly of human laws too often incumbers its operations; though the effect of these obstructions is always more or less either to encroach upon its freedom, or to diminish its security. ~ Adam Smith Jan 29, 2009Ancient Rome declined because it had a Senate, now what's going to happen to us with both a House and a Senate?~ Will RogersIf we took Congress seriously, we would be worrying all the time.~ Will RogersYou see, in Washington they have these bodies, Senate and the House of Representatives. That is for the convenience of the visitors. If there is nothing funny happening in one, there is sure to be in the other, and in case one body passes a good bill, why, the other can see it in time and kill it.~ Will Rogers Previous week's quotes Next week's quotes Share on Facebook Tweet Email Print