Share on Facebook Share on Twitter Comment on this quoteShare via Email Print this Page Daily Quotes Archives2009-02-06 Feb 6, 2009Talk is cheap -- except when Congress does it.~ Cullen HightowerLack of money is the root of all evil.~ George Bernard ShawThere is no wealth but life.~ John Ruskin Feb 5, 2009Sovereignty inheres in the right to issue money. And the American sovereignty belongs by right to the people, and their representatives in Congress have the right to issue money and to determine the value thereof. And 120 million, 120 million suckers have lamentably failed to insist on the observation of this quite decided law. ... Now the point at which embezzlement of the nation's funds on the part of her officers becomes treason can probably be decided only by jurists, and not by hand-picked judges who support illegality.~ Ezra PoundWars in old times were made to get slaves. The modern implement of imposing slavery is debt.~ Ezra PoundWhen plunder becomes a way of life for a group of men living together in society, they create for themselves in the course of time a legal system that authorizes it and a moral code that glorifies it.~ Frederic Bastiat 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 Previous week's quotes Next week's quotes Share on Facebook Tweet Email Print