Share on Facebook Share on Twitter Comment on this quoteShare via Email Print this Page Daily Quotes Archives2009-02-25 Feb 25, 2009Occupants of public offices love power and are prone to abuse it.~ George WashingtonThe state is the coldest of all cold monsters. Coldly it lies, too; and this lie creeps from its mouth: `I, the state, am the people.'... Everything about it is false; it bites with stolen teeth. ~ Friedrich NietzscheThe worst evils which mankind has ever had to endure were inflicted by bad governments. The state can be and has often been in the course of history the main source of mischief and disaster.~ Ludwig von Mises Feb 24, 2009... as all history informs us, there has been in every State & Kingdom a constant kind of warfare between the governing & governed: the one striving to obtain more for its support, and the other to pay less. And this has alone occasioned great convulsions, actual civil wars, ending either in dethroning of the Princes, or enslaving of the people. Generally indeed the ruling power carries its point, the revenues of princes constantly increasing, and we see that they are never satisfied, but always in want of more. The more the people are discontented with the oppression of taxes; the greater need the prince has of money to distribute among his partisans and pay the troops that are to suppress all resistance, and enable him to plunder at pleasure. There is scarce a king in a hundred who would not, if he could, follow the example of Pharaoh, get first all the peoples money, then all their lands, and then make them and their children servants for ever ...~ Benjamin FranklinIf you think of yourselves as helpless and ineffectual, it is certain that you will create a despotic government to be your master. The wise despot, therefore, maintains among his subjects a popular sense that they are helpless and ineffectual. ~ Frank HerbertThe greatest danger to liberty today comes from the men who are most needed and most powerful in modern government, namely, the efficient expert administrators exclusively concerned with what they regard as the public good.~ Friedrich August von Hayek Feb 23, 2009American voters should understand that Congress will always find a way to spend every last dollar sent to Washington. Remember, politicians get votes by promising everything to everyone, always at the expense of some other invisible taxpayers. …The federal government cannot maintain a budget surplus any more than an alcoholic can leave a fresh bottle of whiskey untouched in the cupboard.~ Dr. Ron PaulWhen men have come to the edge of a precipice, it is the lover of life who has the spirit to leap backwards, and only the pessimist who continues to believe in progress.~ Gilbert Keith ChestertonExtreme taxation, excessive controls, oppressive government competition with business, frustrated minorities and forgotten Americans are not the products of free enterprise. They are the residue of centralized bureaucracy, of government by a self-anointed elite.~ Ronald Reagan Feb 20, 2009As long as we issue fiat currency, I see no alternative to a legal tender law.~ Alan GreenspanThe actual process of money creation takes place in commercial banks. As noted earlier, demand liabilities of commercial banks are money.~ Federal Reserve Bank of ChicagoBecause of 'fractional' reserve system, banks, as a whole, can expand our money supply several times, by making loans and investments.~ Federal Reserve Bank of New YorkWithout the confidence factor, many believe a paper money system is liable to collapse eventually.~ Federal Reserve Bank of PhiladelphiaA welfare state is frightened of every poor person who tries to get in and every rich person who tries to get out.~ Harry BrowneIt is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.~ Henry FordThree groups spend other people's money: children, thieves, politicians. All three need supervision.~ Richard Armey Feb 19, 2009The entire world economy rests on the consumer; if he ever stops spending money he doesn't have on things he doesn't need -- we're done for.~ Bill BonnerEveryone wants to live at the expense of the state. They forget that the state lives at the expense of everyone.~ Frederic BastiatThat this House considers that the continued issue of all the means of exchange -- be they coin, bank-notes or credit, largely passed on by cheques -- by private firms as an interest-bearing debt against the public should cease forthwith; that the Sovereign power and duty of issuing money in all forms should be returned to the Crown, then to be put into circulation free of all debt and interest obligations...~ Captain Henry Kerby Previous week's quotes Next week's quotes Share on Facebook Tweet Email Print