Share on Facebook Share on Twitter Comment on this quote Share via Email Print this Page [361-380] of 386 Money quotesMoney QuotesMoney Previous 20 quotes Next 20 quotes You can fool some of the people all of the time, and all of the people some of the time, and that's good enough.~ Dr. Edwin Vieira It is a sobering fact that the prominence of central banks in this century has coincided with a general tendency towards more inflation, not less. [I]f the overriding objective is price stability, we did better with the nineteenth-century gold standard and passive central banks, with currency boards, or even with 'free banking.' The truly unique power of a central bank, after all, is the power to create money, and ultimately the power to create is the power to destroy.~ Paul Volcker In general, the art of government consists in taking as much money as possible from one party of the citizens to give to the other.~ Voltaire Paper money eventually returns to its intrinsic value -- zero.~ Voltaire The common man is the sovereign consumer whose buying or abstention from buying ultimately determines what should be produced and in what quantity and quality.~ Ludwig von Mises 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 Government cannot make man richer, but it can make him poorer.~ Ludwig von Mises 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 When you pay social security taxes, you are in no way making provision for your own retirement. You are paying the pensions of those who are already retired. Once you understand this, you see that whether you will get the benefits you are counting on when you retire depends on whether Congress will levy enough taxes, borrow enough, or print enough money...~ W. Allen Wallis We shall have World Government, whether or not we like it. The only question is whether World Government will be achieved by conquest or consent.~ James Paul Warburg Paper money has had the effect in your state that it will ever have, to ruin commerce, oppress the honest, and open the door to every species of fraud and injustice.~ George Washington Few men have virtue to withstand the highest bidder.~ George Washington Occupants of public offices love power and are prone to abuse it.~ George Washington Some other States are, in my opinion, falling into very foolish and wicked plans of emitting paper money. I cannot however give up my hopes and expectations that we shall 'ere long adopt a more just and liberal system of policy. What circumstances will lead, or what misfortunes will compel us to it, is more than can be told without the spirit of prophecy.~ George Washington He who tampers with the currency robs labor of its bread.~ Daniel Webster We are in danger of being overwhelmed with irredeemable paper, mere paper, representing not gold nor silver; no sir, representing nothing but broken promises, bad faith, bankrupt corporations, cheated creditors and a ruined people.~ Daniel Webster Of all contrivances for cheating the laboring classes of mankind, none has been more effective than that which deludes them with paper money.~ Daniel Webster The banks do create money. They have been doing it for a long time, but they didn't realise it, and they did not admit it. Very few did. You will find it in all sorts of documents, financial textbooks, etc. But in the intervening years, and we must be perfectly frank about these things, there has been a development of thought, until today I doubt very much whether you would get many prominent bankers to attempt to deny that banks create it.~ H. W. White All we have to do now is to inform the public that the payment of social security taxes is voluntary and watch the mass exodus.~ Walter E. Williams If monopoly persists, monopoly will always sit at the helm of government. I do not expect monopoly to restrain itself. If there are men in this country big enough to own the government of the United States, they are going to own it.~ Woodrow Wilson Previous 20 quotes Next 20 quotes Share on Facebook Tweet Email Print