"American money was never more sound, or banking more free, than 200 years ago. Since then, it’s been a long steady decline from the gold standard and competitive banking to our Fed-run system of inflated paper currency, deposit insurance, and perpetually shaky banks on the dole."
by:
Lew Rockwell
[Llewellyn H. Rockwell, Jr.] (1944- ) Chairman of the Ludwig von Mises Institute
Source:
Banks On The Dole, The Free Market, November 1995.
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Reader comments about this quote:
 -- Mary - MI      
The gold is gone, and so is any form of economic security. We live in a ponzi scheme.
 -- J Carlton, Calgary     
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    In 1913 we got the income tax and the Federal Reserve and it's been downhill ever since.
     -- jim k, Austin,Tx     
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    Money is only a myth today.
     -- cal, lewisville, tx     
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    The Federal Reserve Bank is no more "Federal" than you or I. Its a "private" banking conglomerate that artificially create a situation to force nations to borrow money and keep it indebted to these banks indefinitely. Their biggest "customer"?.... Good old USA. The land of the free. Free slaves who'll work their asses off, and gladly pay a portion of their earnings in the form of Federal Income Tax to pay the "Federal Reserve Bank" for the country's debt.
     -- Mike, Vancouver     
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    I think Mike, and Jim, and many of you who post here, are right, we are ALL right, we all know the truth, again, what do we do? For the last 6 years, hundreds of thousands have been preparing underground food storage, weapons, and generally preparing for a hell we see coming. Yes Mr. Carlton, ur right too. The ONLY answer is to start over, with new leaders, who will folow the constitution. Will it happen? we are all in doubt.
     -- Kimo, Hawaiian Nations     
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    Animated depiction of the history of the money machine: (its very good)...http://www.youtube.com/watch?v=kD1G7f4bE0w&feature=related
     -- J Carlton, Calgary     
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    said well
     -- Mike, Norwalk     
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