Share on Facebook Share on Twitter Comment on this quoteShare via Email Print this Page Daily Quotes Archives2001-04-04 Apr 4, 2001The 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. ~ Major L. L. B. AngasA banker is a fellow who lends you his umbrella when the sun is shining and wants it back the minute it begins to rain.~ Mark TwainBanks lend by creating credit. They create the means of payment out of nothing.~ Ralph M. Hawtrey Apr 3, 2001Government cannot make man richer, but it can make him poorer.~ Ludwig von MisesA welfare state is frightened of every poor person who tries to get in and every rich person who tries to get out.~ Harry BrowneGovernment is like a baby. An alimentary canal with a big appetite at one end and no sense of responsibility at the other.~ Ronald Reagan Apr 2, 2001Freedom in economic arrangements is itself a component of freedom broadly understood, so economic freedom is an end in itself ... Economic freedom is also an indispensable means toward the achievement of political freedom.~ Milton FriedmanThe holier-than-thou activists who blame the population for not spending more money on their personal crusades are worse than aggravating. They encourage the repudiation of personal responsibility by spreading the lie that support of a government program fulfills individual moral duty.~ Patrick Cox Mar 30, 2001We pass the word around; we ponder how the case is put by different people; we read the poetry; we meditate over the literature; we play the music; we change our minds; we reach an understanding. Society evolves this way, not by shouting each other down, but by the unique capacity of unique, individual human beings to comprehend each other.~ Lewis Thomas Mar 29, 2001Zealotry of either kind -- the puritan's need to regiment others or the victim's passion for blaming everyone except himself -- tends to produce a depressing civic stupidity. Each trait has about it the immobility of addiction. Victims become addicted to being victims: they derive identity, innocence and a kind of devious power from sheer, defaulting helplessness. On the other side, the candlesnuffers of behavioral and political correctness enact their paradox, accomplishing intolerance in the name of tolerance, regimentation in the name of betterment.~ Lance Morrow Mar 28, 2001In a free society, standards of public morality can be measured only by whether physical coercion -- violence against persons or property -- occurs. There is no right not to be offended by words, actions or symbols.~ Richard E. Sincere, Jr.Whether or not legislation is truly moral is often a question of who has the power to define morality.~ Jerome H. SkolnickWe must learn to distinguish morality from moralizing.~ Henry Kissinger Previous week's quotes Next week's quotes Share on Facebook Tweet Email Print