Share on Facebook Share on Twitter Comment on this quoteShare via Email Print this Page Daily Quotes Archives2009-02-18 Feb 18, 2009When you see that trading is done, not by consent, but by compulsion - when you see that in order to produce, you need to obtain permission from men who produce nothing - when you see that money is flowing to those who deal, not in goods, but in favors - when you see that men get richer by graft and by pull than by work, and your laws don't protect you against them, but protect them against you - when you see corruption being rewarded and honesty becoming a self-sacrifice - you may know that your society is doomed.~ Ayn RandFor you see, the world is governed by very different personages from what is imagined by those who are not behind the scenes.~ Benjamin DisraeliThe more one considers the matter, the clearer it becomes that redistribution is in effect far less a redistribution of free income from the richer to the poorer, as we imagined, than a redistribution of power from the individual to the State.~ Bertrand de Jouvenel Feb 17, 2009You cannot bring about prosperity by discouraging thrift. You cannot help small men by tearing down big men. You cannot strengthen the weak by weakening the strong. You cannot lift the wage-earner by pulling down the wage-payer. You cannot help the poor man by destroying the rich. You cannot keep out of trouble by spending more than your income. You cannot further the brotherhood of man by inciting class hatred. You cannot establish security on borrowed money. You cannot build character and courage by taking away men's initiative and independence. You cannot help men permanently by doing for them what they could and should do for themselves.~ William BoetckerI cannot undertake to lay my finger on that article of the Constitution which granted a right to Congress of expending, on the objects of benevolence, the money of their constituents.~ James MadisonThe real destroyer of the liberties of the people is he who spreads among them bounties, donations and benefits.~ Plutarch Feb 16, 2009Commercial banks create checkbook money whenever they grant a loan, simply by adding new deposit dollars in accounts on their books in exchange for a borrower's IOU.~ Federal Reserve Bank of New YorkThe decrease in purchasing power incurred by holders of money due to inflation imparts gains to the issuers of money...~ Federal Reserve Bank of St. LouisPaper money eventually returns to its intrinsic value -- zero.~ Voltaire Feb 13, 2009Paper money has had the effect in your state that it will ever have, to ruin commerce, oppress the honest, and open the door to every species of fraud and injustice.~ George WashingtonThus, our national circulating medium is now at the mercy of loan transactions of banks, which lend, not money, but promises to supply money they do not possess.~ Irving FisherThose who create and issue money and credit direct the policies of government and hold in the hollow of their hands the destiny of the people.~ Reginald McKenna Feb 12, 2009The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it.~ John Kenneth GalbraithThe legal tender quality [of money] is only valuable for the purposes of dishonesty.~ Justice Salmon ChaseMoney power denounces, as public enemies, all who question its methods or throw light upon its crimes.~ William Jennings Bryan Previous week's quotes Next week's quotes Share on Facebook Tweet Email Print