Share on Facebook Share on Twitter Comment on this quoteShare via Email Print this Page Daily Quotes Archives2012-08-21 Aug 21, 2012I have no reason to suppose, that he, who would take away my liberty, would not, when he had me in his power, take away every thing else.~ John Locke[Individuals] have a right to defend themselves and recover by force what by unlawful force is taken from them.~ John Locke[I]t being reasonable and just, I should have a right to destroy that which threatens me with destruction: for by the fundamental law of nature, man being to be preserved as much as possible, when all cannot be preserved, the safety of the innocent is to be preferred: and one may destroy a man who makes war upon him, or has discovered an enmity to his being, for the same reason that he may kill a Wolf or a lion....~ John Locke Aug 20, 2012The greatest threat facing America today is the disastrous fiscal policies of our own government, marked by shameless deficit spending and Federal Reserve currency devaluation. It is this one-two punch -- Congress spending more than it can tax or borrow, and the Fed printing money to make up the difference -- that threatens to impoverish us by further destroying the value of our dollars.~ Dr. Ron PaulThe theory of the IRS is rather repugnant to me because the assumption is made that I, the government, owns 100% of your income and I permit you to keep 5%, 10% or 20%. You're vulnerable, you've sold out. The government can take 80% if they want, which they did at one time.~ Dr. Ron PaulYou don't have a right to the fruits of somebody else's labor. You don't have a right to a house, you don't have a right to a job, you don't have a right to medical care. You have a right to your life, you have your right to your liberty, you have a right to keep what your earn. And that's what produces prosperity. So you want equal justice. And this is not hard for me to argue, because if you really are compassionate and you care about people, the freer the society the more prosperous it is, and more likely that you are going to have medical care... When you turn it over to central economic planning, they're bound to make mistakes. The bureaucrats and the special interests and the Halliburtons are going to make the money. Whether it's war, or Katrina, these noncompetitive contracts, the bureaucrats make a lot of money and you end up with inefficiency.~ Dr. Ron Paul Aug 17, 2012Little else is requisite to carry a state to the highest degree of opulence from the lowest barbarism, but peace, easy taxes, and a tolerable administration of justice: all the rest being brought about by the natural course of things.~ Adam SmithI wasn't worth a cent two years ago, and now I owe two million dollars.~ Mark TwainFelix qui nihil debet. (Happy is he who owes nothing.)~ Roman Proverb Aug 16, 2012The cardinal maxim is, that any aid to a present bad Bank is the surest mode of preventing the establishment of a future good Bank.~ Walter BagehotAn almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense -- perhaps more clearly and subtly than many consistent defenders of laissez-faire -- that gold and economic freedom are inseparable, that the gold standard is an instrument of laissez-faire and that each implies and requires the other.~ Alan GreenspanI can't remember the exact quote but when I used to trade and Mr. Volcker was Fed chairman, he said something like 'gold is my enemy, I'm always watching what gold is doing', we need to think why he made a statement like that. If you're a central banker or one of the congressmen or senators, watch what gold is doing because this is a no-confidence vote in fiscal and dollar policy.~ Rick Santelli Aug 15, 2012In theory, there is no difference between theory and practice, but in practice, there is.~ Jan L.A. van de SnepscheutThe Fed was largely responsible for converting what might have been a garden-variety recession, although perhaps a fairly severe one, into a major catastrophe. Instead of using its powers to offset the depression, it presided over a decline in the quantity of money by one-third from 1929 to 1933 ... Far from the depression being a failure of the free-enterprise system, it was a tragic failure of government.~ Milton FriedmanBankruptcies of governments have, on the whole, done less harm to mankind than their ability to raise loans.~ R. H. Tawney Previous week's quotes Next week's quotes Share on Facebook Tweet Email Print