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2009 July 31
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"Agriculture, manufacturers, commerce, and navigation, the four pillars of our prosperity, are then most thriving when left most free to individual enterprise." |
"It is unfortunate, that the efforts of mankind to recover the freedom of which they have been so long deprived, will be accompanied with violence, with errors, & even with crimes. But while we weep over the means, we must pray for the end." |
"The mobs of the great cities add just so much to the support of pure government as sores do to the strength of the human body. It is the manners and spirit of a people which preserve a republic in vigor. A degeneracy in these is a canker which soon eats to the heart of its laws and constitution." |
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2009 July 30
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"The mistakes made by Congress wouldn't be so bad
if the next Congress didn't keep trying to correct them." |
"When they call the roll in the Senate,
the Senators do not know whether
to answer 'present' or 'not guilty.'" |
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2009 July 29
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"Foreign aid might be defined as a transfer from poor people in rich countries to rich people in poor countries." |
"The government deficit is the difference between the amount of money the government spends and the amount it has the nerve to collect." |
"The 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." |
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2009 July 28
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"The refunding of the national debt at a lower rate of interest should be accomplished without compelling the withdrawal of the national-bank notes, and thus disturbing the business of the country." |
"Banks lend by creating credit.
They create the means of payment out of nothing." |
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2009 July 27
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"The real truth of the matter is, as you and I know, that a financial
element in the large centers has owned the government of the U.S. since
the days of Andrew Jackson. History depicts Andrew Jackson as the last
truly honorable and incorruptible American president." |
"I am afraid that the ordinary citizen
will not like to be told that the banks
can and do create and destroy money.
And they who control the credit of a nation
direct the policy of governments, and
hold in the hollow of their hands
the destiny of the people." |
"...the concentration of capital and the growth of their turnover
is radically challenging the significance of the banks. Scattered
capitalists are transformed into a single collective capitalist. When
carrying the current accounts of a few capitalists, the banks, as it
were, transact a purely technical and exclusively auxiliary operation.
When, however, these operations grow to enormous dimensions
we find that a handful of monopolists control all the operations,
both commercial and industrial, of capitalist society.
They can, by means of their banking connections." |
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