Share on Facebook Share on Twitter Comment on this quoteShare via Email Print this Page Daily Quotes Archives2026-05-03 May 1, 2026The mass man is one who has neither the force of intellect to apprehend the principles issuing in what we know as the humane life, nor the force of character to adhere to those principles steadily and strictly as laws of conduct; and because such people make up the great and overwhelming majority of mankind, they are called collectively the masses. The line of differentiation between the masses and the Remnant is set invariably by quality, not by circumstance. The Remnant are those who by force of intellect are able to apprehend these principles, and by force of character are able, at least measurably, to cleave to them. The masses are those who are unable to do either. ~ Albert Jay NockThere are three kinds of lies: Lies, Damn Lies, and Statistics.~ Benjamin DisraeliAmerican [public] schools are failing because they are organized according to a bureaucratic, monopolistic model; their organizing principle is basically the same as that of a socialist economy.~ David Boaz Apr 30, 2026Nobody but a beggar chooses to depend chiefly upon the benevolence of his fellow-citizens.~ Adam SmithIn the 1950’s [America was] the richest nation, the richest city on earth was Detroit. They voted for change and so now it is the poorest city in America. At the same time, the nation of South Korea, of all the nations on earth, was third from the bottom. Virtually the poorest nation on earth. It is now tenth from the top. If you understand the principle, the greater freedom, the greater the wealth, you can then put any nation [on this chart]. Now you can go to Tagusagopos, you can go to Buenos Aires, you can go to Cairo, you can go to Philadelphia and all you need to know is what percentage of the Gross Domestic Product is controlled by government, and the greater the government, the greater the poverty, and that’s all politics is about. Every day politicians say, “I can make a better decision for you than you can for yourself, and let me take your money away from you and make it on your behalf” and thus make the nation poorer.~ Bob McEwenThe production of wealth is the result of agreement between labor and capital, between employer and employed. Its distribution, therefore, will follow the law of its creation, or great injustice will be done.~ Leland Stanford Apr 29, 2026Commercial banks create checkbook money whenever they grant a loan, simply by adding new deposit dollars in accounts on their books in exchange for a borrower's IOU.~ Federal Reserve Bank of New YorkThe Federal Reserve Bank of New York is eager to enter into close relationship with the Bank for International Settlements.... The conclusion is impossible to escape that the State and Treasury Departments are willing to pool the banking system of Europe and America, setting up a world financial power independent of and above the Government of the United States.... The United States under present conditions will be transformed from the most active of manufacturing nations into a consuming and importing nation with a balance of trade against it.~ Louis McFaddenAbout all a Federal Reserve note can legally do is wipe out one debt and replace itself with another debt, a note that promises nothing. If anything's been paid, the payment occurs only in the minds of the parties...~ Tupper Saussy Apr 28, 2026As long as we issue fiat currency, I see no alternative to a legal tender law.~ Alan GreenspanThere can be no doubt that besides the regular types of the circulating medium, such as coin, notes and bank deposits, which are generally recognised to be money or currency, and the quantity of which is regulated by some central authority or can at least be imagined to be so regulated, there exist still other forms of media of exchange which occasionally or permanently do the service of money. Now while for certain practical purposes we are accustomed to distinguish these forms of media of exchange from money proper as being mere substitutes for money, it is clear that, other things equal, any increase or decrease of these money substitutes will have exactly the same effects as an increase or decrease of the quantity of money proper, and should therefore, for the purposes of theoretical analysis, be counted as money.~ Friedrich August von Hayek[I]t is absolutely wrong for the Government to issue interest-bearing obligations. It is not only wrong: it is extravagant. It is not only extravagant, it is wasteful. It is absolutely unnecessary.~ Wright Patman Apr 27, 2026We must not permit our respect for the dead or our sympathy for the living to lead us into an act of injustice to the balance of the living. I will not attempt to prove that Congress has no power to appropriate this money as an act of charity. Every member upon this floor knows it. We have the right as individuals to give away as much of our own money as we please in charity; but as members of congress we have no right to appropriate a dollar of the public money.~ Davy CrockettThere are 10^11 stars in the galaxy. That used to be a huge number. But it's only a hundred billion. It's less than the national deficit! We used to call them astronomical numbers. Now we should call them economical numbers.~ Richard FeynmanEconomic necessity cannot justify a disregard of cardinal constitutional guarantee.~ Riley v. Carter Previous week's quotes Next week's quotes Share on Facebook Tweet Email Print