Share on Facebook Share on Twitter Comment on this quoteShare via Email Print this Page Daily Quotes Archives2015-09-01 Sep 1, 2015That 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 KerbyThe chief duty of the National Government in connection with the currency of the country is to coin money and declare its value. Grave doubts have been entertained whether Congress is authorized by the Constitution to make any form of paper money legal tender. The present issue of United States notes has been sustained by the necessities of war; but such paper should depend for its value and currency upon its convenience in use and its prompt redemption in coin at the will of the holder, and not upon its compulsory circulation. These notes are not money, but promises to pay money. If the holders demand it, the promise should be kept.~ James A. GarfieldAll the perplexities, confusion and distress in America arise not from defects in their Constitution or Confederation, nor from want of honor or virtue, so much as downright ignorance of the nature of coin, credit, and circulation.~ John Adams Aug 31, 2015To be controlled in our economic pursuits means to be controlled in everything.~ Friedrich August von HayekDeficit spending is simply a scheme for the hidden confiscation of wealth.~ Alan GreenspanIf you establish a democracy, you must in due time reap the fruits of a democracy. You will in due season have great impatience of the public burdens, combined in due season with great increase of the public expenditure. You will in due season have wars entered into from passion and not from reason; and you will in due season submit to peace ignominiously sought and ignominiously obtained, which will diminish your authority and perhaps endanger your independence. You will in due season find your property is less valueable, and your freedom less complete.~ Benjamin Disraeli Aug 28, 2015Don't let your mouth write no check that your tail can't cash.~ Bo DiddleyThe rich ruleth over the poor, and the borrower is servant to the lender.~ ProverbsA billion here, a billion there, sooner or later it adds up to real money.~ Everett Dirksen Aug 27, 2015Governments last as long as the undertaxed can defend themselves against the overtaxed.~ Bernard BerensonCollecting more taxes than is absolutely necessary is legalized robbery.~ Calvin CoolidgeIf we could manage our own finances the way the Congress does the nation’s, we’d all be living in high cotton and eating high on the hog.~ Charley Reese Aug 26, 2015When you accept money in payment for your effort, you do so only on the conviction that you will exchange it for the product of the effort of others. It is not the moochers or the looters who give value to money. Not an ocean of tears nor all the guns in the world can transform those pieces of paper in your wallet into the bread you will need to survive tomorrow. Those pieces of paper which should have been gold, are a token of honor—your claim upon the energy of the men who produce. Your wallet is your statement of hope that somewhere in the world around you there are men who will not default on that moral principle which is the root of money.~ Ayn RandThe banks do create money. They have been doing it for a long time, but they didn't realise it, and they did not admit it. Very few did. You will find it in all sorts of documents, financial textbooks, etc. But in the intervening years, and we must be perfectly frank about these things, there has been a development of thought, until today I doubt very much whether you would get many prominent bankers to attempt to deny that banks create it.~ H. W. White...the concentration of capital and the growth of their turnover is radically challenging the significance of the banks. Scattered capitalists are transformed into a single collective capitalist. When carrying the current accounts of a few capitalists, the banks, as it were, transact a purely technical and exclusively auxiliary operation. When, however, these operations grow to enormous dimensions we find that a handful of monopolists control all the operations, both commercial and industrial, of capitalist society. They can, by means of their banking connections.~ Vladimir Ilyich Lenin Previous week's quotes Next week's quotes Share on Facebook Tweet Email Print