"That 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 Kerby
(1914-1971) British Member of Parliament (1954-71)
in an Early Day Motion tabled in 1964
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Reader comments about this quote:
The 'civilized' nations must unite to get rid of interest-bearing fiat currencies. IMHO there is no greater cause for the diffusion of true liberty throughout the world.
 -- E Archer, NYC     
  • 2
    $10 says Anonymous in Reston gives this the thumbs down.
     -- David L. Rosenthal, Hollywood     
    Obviously that motion failed. It IS the right thing to do but modern man just doesn't want to do the right thing anymore. They are convinced what they ARE doing IS the right thing to do. The result, the "civilized" (LoL) society they asked for. Nice, isn't it?
     -- Anon     
    This is THE solution necessary to free us from the Fed, and secondly, we must reintroduce commodity backed currencies (like gold, silver, and other precious metals). Government fiat must be voluntary to accept as 'payment.' Giving the power to Congress to print up all the money they need must be balanced with NO income taxes and the return to a 'cash' currency. One curency for cash, and one for credit. Cash currency would be backed by actual commodities and credit currency issued interest-free from the government. People need to be able to choose whether to use inflationary/expandable currency or cash.
     -- E Archer, NYC     
  • 2
     -- Ronw13, Yachats Or      
    A problem with allowing a 'government' to print money falls within the age old relationship of human greed / power mongering / need to finance wars / prejudice of one ideology over another / influence / etc. VS. fiscal law (natural law). Debt as money, notes based on credit of people's labor or concept of repayment, etc. are confiscatory, enslaving and anti-liberty from inception. Non-debt paper is 'ALWAYS' better than notes. Other factors or elements of fiscal law (bankruptcy, justice in commerce and industry, etc.) needs be considered and applied before the individual sovereign masters (We The People) allow their servants to print means of exchange. Natural law checks and balances needs be defined and placed outside the Crown or statist theocracy's oligarchy ability to change or abuse.
     -- Mike, Norwalk     
     -- Jim K, Austin      
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