Liberty Quotes - Daily Email History

"By the experience of commercial nations in all ages it has been found that gold and silver afford the only safe foundation for a monetary system. Confusion has recently been created by variations in the relative value of the two metals, but I confidently believe that arrangements can be made between the leading commercial nations which will secure the general use of both metals. Congress should provide that the compulsory coinage of silver now required by law may not disturb our monetary system by driving either metal out of circulation. If possible, such an adjustment should be made that the purchasing power of every coined dollar will be exactly equal to its debt-paying power in all the markets of the world."

~ James A. Garfield  

"The value of paper money is precisely the value of a politician's promise, as high or low as you put that; the value of gold is protected by the inability of politicians to manufacture it."

~ Sir William Rees-Mogg  

"In finance, everything that is agreeable is unsound."

~ Winston Churchill  

"It is said, mostly by Libertarians, that ‘taxation is theft.’ Theft is too mild a word. Typically, a thief strikes only once, and doesn’t pretend that his robbery is legitimate. Taxation is actually slavery."

~ Rick Tompkins  

"Anyone who says that economic security is a human right, has been too much babied. While he babbles, other men are risking and losing their lives to protect him. They are fighting the sea, fighting the land, fighting disease and insects and weather and space and time, for him, while he chatters that all men have a right to security and that some pagan god—Society, The State, The Government, The Commune—must give it to them. Let the fighting men stop fighting this inhuman earth for one hour, and he will learn how much security there is."

~ Rose Wilder Lane  

"Among other grand achievements, F. A. Hayek had a remarkable career pointing out the flaws in collectivism.  One of his keenest insights was that, paradoxically, any collectivist system necessarily depends on one individual (or small group) to make key social and economic decisions. In contrast, a system based on individualism takes advantage of the aggregate, or 'collective,' information of the whole society; through his actions each participant contributes his own particular, if incomplete, knowledge—information that could never be tapped by the individual at the head of a collectivist state."

~ Sheldon Richman  

"I hate this 'crime doesn't pay' stuff. Crime in the U.S. is perhaps one of the biggest businesses in the world today."

~ Paul Kirk  

"[The task is to] covertly lower the standard of living, the whole social structure, of America so that we can be merged with all other nations."

~ Rowan Gaither  

"The Latin American drug cartels have stretched their tentacles much deeper into our lives than most people believe. It’s possible they are calling the shots at all levels of government."

~ William Colby

"There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final or total catastrophe of the currency system involved."

~ Ludwig von Mises  

"Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output."

~ Milton Friedman  

"Hundreds of thousands of rouble notes are being issued daily by our treasury. This is done, not in order to fill the coffers of the State with practically worthless paper, but with the deliberate intention of destroying the value of money as a means of payment. ...
Experience has taught us it is impossible to root out the evils of capitalism merely by confiscation and expropriation… The simplest way to exterminate the very spirit of capitalism is therefore to flood the country with notes of a high face-value without financial guarantees of any sort. ...[T]he great illusion of the value and power of money, on which the capitalist state is based will have been definitely destroyed."

~ Vladimir Ilyich Lenin  

"Without the confidence factor, many believe a paper money system is liable to collapse eventually."

~ Federal Reserve Bank of Philadelphia  

"The banks -- commercial banks and the Federal Reserve -- create all the money of this nation and its people pay interest on every dollar of that newly created money. Which means that private banks exercise unconstitutionally, immorally, and ridiculously the power to tax the people. For every newly created dollar dilutes to some extent the value of every other dollar already in circulation."

~ Jerry Voorhis  

"Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens.
...Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose."

~ John Maynard Keynes