Share on Facebook Share on Twitter Comment on this quoteShare via Email Print this Page Daily Quotes Archives2022-01-26 Jan 26, 2022To combat depression by a forced credit expansion is to attempt to cure the evil by the very means which brought it about; because we are suffering from a misdirection of production, we want to create further misdirection -- a procedure which can only lead to a much more severe crisis as soon as the credit expansion comes to an end.~ Friedrich August von HayekIt is a sobering fact that the prominence of central banks in this century has coincided with a general tendency towards more inflation, not less. [I]f the overriding objective is price stability, we did better with the nineteenth-century gold standard and passive central banks, with currency boards, or even with ‘free banking.’ The truly unique power of a central bank, after all, is the power to create money, and ultimately the power to create is the power to destroy.~ Paul VolckerIs there any reason why the American people should be taxed to guarantee the debts of banks, any more than they should be taxed to guarantee the debts of other institutions, including merchants, the industries, and the mills of the country?~ Senator Carter Glass Jan 25, 2022What gives the new despotism its peculiar effectiveness is indeed its liaison with humanitarianism, but beyond this fact its capacity for entering into the smallest details of human life.~ Robert NisbetThe modern susceptibility to conformity and obedience to authority indicates that the truth endorsed by authority is likely to be accepted as such by a majority of the people.~ David EdwardsNo Gulag, evidently, can deter the advocates of state power from believing in their own virtue and in the morality of the power they exercise. We are all Hobbesians now. Virtue is presumed to reside in the state. Its reliance on compulsion is seen as fulfilling, not undermining, morality. Our communicators, oddly employed in the private sector, work tirelessly to ensure that state control is maintained, our taxes stay high, the official message is promoted. The people know, and can only know, a tiny fraction of what Leviathan does, and what they know is what these partisans tell them.~ Tom Bethel Jan 24, 2022Do the people of this land…desire to preserve those [liberties] protected by the First Amendment… If so, let them withstand all beginnings of encroachment. For the saddest epitaph which can be carved in memory of a vanquished liberty is that it was lost because its possessors failed to stretch for a saving hand while yet there was time.~ Justice George SutherlandAs so often before, liberty has been wounded in the house of its friends. Liberty in the wild and freakish hands of fanatics has once more, as frequently in the past, proved the effective helpmate of autocracy and the twin-brother of tyranny.~ Otto Hermann KahnVery commonly in ages when civil rights of one kind are in evidence – those pertaining to freedom of speech and thought in, say, theater, press, and forum, with obscenity and libel laws correspondingly loosened – very real constrictions of individual liberty take place in other, more vital areas: political organization, voluntary association, property, and the right to hold jobs, for example.~ Robert Nisbet Jan 21, 2022Nations grow corrupt, love bondage more than liberty; bondage with ease than strenuous liberty.~ John MiltonThe cruelest lies are often told in silence.~ Robert Louis StevensonThere are…certain freedoms that are like circuses. Their very existence, so long as they are individual and enjoyed chiefly individually as by spectators, diverts men’s mind from the loss of other, more fundamental, social and economic and political rights.~ Robert Nisbet Jan 20, 2022The most may err as grossly as the few.~ John DrydenThis truth is well known among our principal men now engaged in forming an imperialism of Capital to govern the world. By dividing the voters through the political party system, we can get them to expend their energies in fighting over questions of no importance. Thus by discreet action we can secure for ourselves what has been so well planned and so successfully accomplished.~ Sir Denison MillerChoice by the people themselves is not generally distinguished for its wisdom.~ Thomas Jefferson Previous week's quotes Next week's quotes Share on Facebook Tweet Email Print