Share on Facebook Share on Twitter Comment on this quoteShare via Email Print this Page Daily Quotes Archives2023-04-12 Apr 12, 2023Heresy is only another word for freedom of thought.~ Graham GreeneFor every problem there is one solution which is simple, neat, and wrong.~ H. L. MenckenWhere the tongue slips, it speaks the truth.~ Irish Proverb Apr 11, 2023Petty laws breed great crimes.~ OuidaAvoid occasions of expense ... and avoid likewise the accumulation of debt not only by shunning occasions of expense but by vigorous exertions to discharge the debts, not throwing upon posterity the burden which we ourselves ought to bear.~ George WashingtonThe bank hath benefit of interest on all moneys which it creates out of nothing.~ William Paterson Apr 10, 2023In 1950, the average family of four paid 2% of its earnings to federal taxes. Today it pays 24%.~ William R. Mattox, Jr.The government should create, issue, and circulate all the currency and credits needed to satisfy the spending power of the government and the buying power of consumers. By adoption of these principles, the taxpayers will be saved immense sums of interest. Money will cease to be master and become the servant of humanity.~ Abraham LincolnNothing did more to spur the boom in stocks than the decision made by the New York Federal Reserve bank, in the spring of 1927, to cut the rediscount rate. Benjamin Strong, Governor of the bank, was chief advocate of this unwise measure, which was taken largely at the behest of Montagu Norman of the Bank of England....At the time of the Banks action I warned of its consequences....I felt that sooner or later the market had to break.~ Bernard Baruch Apr 7, 2023Give a small boy a hammer and he will find that everything he encounters needs pounding.~ Abraham KaplanFantasy, abandoned by reason, produces impossible monsters; united with it, she is the mother of the arts and the origin of marvels.~ GoyaOne death is a tragedy, but a million deaths are a statistic.~ Josef Stalin Apr 6, 2023The 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 BagehotBankers have no right to establish a customary law among themselves, at the expence of other men.~ Sir Michael FosterThe dollar represents a one dollar debt to the Federal Reserve System. The Federal Reserve Banks create money out of thin air to buy Government Bonds from the U.S. Treasury...and has created out of nothing a ... debt which the American people are obliged to pay with interest.~ Wright Patman Previous week's quotes Next week's quotes Share on Facebook Tweet Email Print