Share on Facebook Share on Twitter Comment on this quoteShare via Email Print this Page Daily Quotes Archives2001-04-07 Apr 6, 2001Sometimes the law defends plunder and participates in it. Thus the beneficiaries are spared the shame and danger that their acts would otherwise involve... 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 the other persons to whom it doesn't 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 that law without delay ... No legal plunder; this is the principle of justice, peace, order, stability, harmony and logic.~ Frederic Bastiat Apr 5, 2001The whole profit of the issuance of money has provided the capital of the great banking business as it exists today. Starting with nothing whatever of their own, they have got the whole world into their debt irredeemably, by a trick. This money comes into existence every time the banks 'lend' and disappears every time the debt is repaid to them. So that if industry tries to repay, the money of the nation disappears. This is what makes prosperity so 'dangerous' as it destroys money just when it is most needed and precipitates a slump. There is nothing left now for us but to get ever deeper and deeper into debt to the banking system in order to provide the increasing amounts of money the nation requires for its expansion and growth. An honest money system is the only alternative.~ Frederick Soddy 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 Previous week's quotes Next week's quotes Share on Facebook Tweet Email Print