... we conclude that the [Federal] Reserve Banks are not federal ... but are independent privately owned and locally controlled corporations... without day to day direction from the federal government.more 9th Circuit Court quotes
The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks.more Lord Acton quotes
There are plenty of good five-cent cigars in the country. The trouble is they cost a quarter. What this country needs is a good five-cent nickel.more Franklin P. Adams quotes
All the perplexities, confusion and distress in America arise not from defects in their Constitution or Confederation, nor from want of honor or virtue, so much as downright ignorance of the nature of coin, credit, and circulation.more John Adams quotes
The American people should be made aware of the trend toward monopolization of the great public information vehicles and the concentration of more and more power over public opinion in fewer and fewer hands.more Spiro Agnew quotes
The invisible Money Power is working to control and enslave mankind. It financed Communism, Fascism, Marxism, Zionism and Socialism. All of these are directed to making the United States a member of World Government.more American Mercury Magazine quotes
Liberty has never lasted long in a democracy, nor has it ever ended in anything better than despotism.more Fisher Ames quotes
When a government takes over a people’s economic life it becomes absolute, and when it has become absolute it destroys the arts, the minds, the liberties and the meaning of the people it governs.more Maxwell Anderson quotes
The modern banking system manufactures “money” out of nothing; and the process is, perhaps, the most, astounding piece of “sleight of hand” that was ever invented. In fact, it was not invented. It merely “grew”. ... Banks in fact are able to create (and cancel) modern “deposit money”, just as much as they were originally able to create, or call in, their own original forms of private notes. They can, in fact, inflate and deflate, i.e., mint, and un-mint the modern “ledger-entry” currency. more Major L. L. B. Angas quotes
The trade of the petty usurer is hated with most reason: it makes a profit from currency itself, instead of making it from the process which currency was meant to serve. Their common characteristic is obviously their sordid avarice.more Aristotle quotes
Three groups spend other people's money: children, thieves, politicians. All three need supervision.more Dick Armey quotes
[T]he tax code has been piling up, year after year, a symbol of everything gone wrong in America, of arrogant rulers and lost freedom, just waiting for us to pick the whole thing up and heave it away. It has to happen. Free people can put up with such laws only for so long.more Richard Armey quotes
Government is saying to the average citizen every January 1: 'For the next five months you’ll be working for us, for goals we shall determine. Is that clear? After May 5 you may look after your own needs and ambitions, but report back to us next January. Now move along.' ... If nearly half of what you make is spent by someone else, that means that half your work time is spent working for someone else. Call me a radical, but I think that comes dangerously close to being a form of indentured servitude.more Richard Armey quotes
The people themselves, not their government, should be trusted with spending their own money and making their own decisions.more Richard Armey quotes
If money be not thy servant, it will be thy master. The covetous man cannot so properly be said to possess wealth, as that may be said to possess him.more Sir Francis Bacon quotes
Madison, agreeing with the journal of the convention, records that the grant of power to emit bills of credit was refused by a majority of more than four to one. The evidence is perfect; no power to emit paper money was granted to the legislature of the United States.more George Bancroft quotes
A man must pay the fiddler. In my case it so happened that a whole symphony orchestra often had to be subsidized.more John Barrymore quotes
Democrats will play the old Washington game of calling reductions in the rate of growth of spending for any program a 'cut'.more Bruce Bartlett quotes
Nothing 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.more Bernard Baruch quotes
Thus, if there exists a law which sanctions slavery or monopoly, oppression or robbery, in any form whatever, it must not even be mentioned. For how can it be mentioned without damaging the respect which it inspires? Still further, morality and political economy must be taught from the point of view of this law; from the supposition that it must be a just law merely because it is a law.
Another effect of this tragic perversion of the law is that it gives an exaggerated importance to political passions and conflicts, and to politics in general.more Frederic Bastiat quotes
Men naturally rebel against the injustice of which they are victims. Thus, when plunder is organized by law for the profit of those who make the law, all the plundered classes try somehow to enter -- by peaceful or revolutionary means -- into the making of laws. According to their degree of enlightenment, these plundered classes may propose one of two entirely different purposes when they attempt to attain political power: Either they may wish to stop lawful plunder, or they may wish to share in it.more Frederic Bastiat quotes
No legal plunder: This is the principle of justice, peace, order, stability, harmony, and logic.
Until the day of my death, I shall proclaim this principle
with all the force of my lungs (which alas! is all too inadequate).more Frederic Bastiat quotes
Everyone wants to live at the expense of the state. They forget that the state lives at the expense of everyone.more Frederic Bastiat quotes
But how is this legal plunder to be identified? Quite simply. See if the law takes from some persons what belongs to them, and gives it to other persons to whom it does not belong. See if the law benefits one citizen at the expense of another by doing what the citizen himself cannot do without committing a crime.more Frederic Bastiat quotes
The war against illegal plunder has been fought since the beginning of the world. But how is... legal plunder to be identified? Quite simply. See if the law takes from some persons what belongs to them, and gives it to other persons to whom it does not belong. See if the law benefits one citizen at the expense of another by doing what the citizen himself cannot do without committing a crime. Then abolish this law without delay ... If such a law is not abolished immediately it will spread, multiply and develop into a system.more Frederic Bastiat quotes
The Federal Reserve Bank is nothing but a banking fraud and an unlawful crime against civilization. Why? Because they "create" the money made out of nothing, and our Uncle Sap Government issues their "Federal Reserve Notes" and stamps our Government approval with NO obligation whatever from these Federal Reserve Banks, Individual Banks or National Banks, etc.more H. L. Birum, Sr. quotes
You cannot bring about prosperity by discouraging thrift.
You cannot help small men by tearing down big men.
You cannot strengthen the weak by weakening the strong.
You cannot lift the wage-earner by pulling down the wage-payer.
You cannot help the poor man by destroying the rich.
You cannot keep out of trouble by spending more than your income.
You cannot further the brotherhood of man by inciting class hatred.
You cannot establish security on borrowed money.
You cannot build character and courage by taking away men's initiative and independence.
You cannot help men permanently by doing for them what they could and should do for themselves.more William Boetcker quotes
When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes. Money has no motherland; financiers are without patriotism and without decency; their sole object is gain.more Napoleon Bonaparte quotes
The entire world economy rests on the consumer; if he ever stops spending money he doesn't have on things he doesn't need -- we're done for.more Bill Bonner quotes
When you or I write a check there must be sufficient funds in our account to cover that check, but when the Federal Reserve writes a check, it is creating money.more Boston Federal Reserve Bank quotes
This [audit] was made extremely difficult because [IRS] existing Systems were not designed to provide reliable financial information... on their operations.more Charles A. Bowsher quotes
In a small Swiss city sits an international organization so obscure and secretive....Control of the institution, the Bank for International Settlements, lies with some of the world's most powerful and least visible men: the heads of 32 central banks, officials able to shift billions of dollars and alter the course of economies at the stroke of a pen.more Keith Bradsher quotes
A welfare state is frightened of every poor person who tries to get in and every rich person who tries to get out.more Harry Browne quotes
Nothing sedates rationality like large doses of effortless money. After a heady experience of that kind, normally sensible people drift into behavior akin to that of Cinderella at the ball.more Warren Buffett quotes
A power has risen up in the government greater than the people themselves, consisting of many and various powerful interests, combined in one mass, and held together by the cohesive power of the vast surplus in banks.more John C. Calhoun quotes
Foreign aid might be defined as a transfer from poor people in rich countries to rich people in poor countries.more Douglas Casey quotes
The Act of Congress which we are impugning before you is communistic in its purposes and tendencies, and is defended here upon principles as communistic, socialistic - what shall I call them - populistic as ever have been
addressed to any political assembly in the world.more Joseph H. Choate quotes