Treasury Quotes - Page 8

• The U.S. Treasury has got borrowing costs like nobody else has. They can borrow basically unlimited amounts. They can stay there for years and years. These assets will be worth more money over time.

  Howard Warren Buffett

  Years, Cost, Assets

  "Warren Buffett: I Haven't Seen As Much Economic Fear In My Adult Lifetime". "The Charlie Rose Show", www.cnbc.com. October 1, 2008.

  7 Copy quote

  Show source

• If you need to put your money in a safe and secure place and you want it to earn interest, Treasury bonds are safer than putting it in any bank as a deposit or putting it anywhere else, because they are backed by the full faith and credit of the United States Government.

  Jim Cooper

  Ties, Government, Safe

  7 Copy quote

• I passionately disagreed with Treasury Secretary Hank Paulson's plan to bail out the banks by using a public fund called the Troubled Asset Relief Program (TARP) to help banks take toxic assets off their balance sheets. I argued that it would be much better to put the money where the hole was and replenish the equity of the banks themselves.

  George Soros

  Balance, Toxic, Relief

  7 Copy quote

• Anyone may arrange his affairs so that his taxes shall be as low as possible; he is not bound to choose that pattern which best pays the treasury. There is not even a patriotic duty to increase one's taxes. Over and over again the Courts have said that there is nothing sinister in so arranging affairs as to keep taxes as low as possible. Everyone does it, rich and poor alike and all do right, for nobody owes any public duty to pay more than the law demands.

  Learned Hand

  Money, Patriotic, Government

  141 Copy quote

• The governments alone are responsible for the spread of the superstitious awe with which the common man looks upon every bit of paper upon which the treasury or agencies which it controls have printed the magical words legal tender.

  Ludwig von Mises

  Men, Agency, Looks

  8 Copy quote

• The Federal Reserve Bank of New York is eager to enter into close relationship with the Bank for International Settlements....The conclusion is impossible to escape that the State and Treasury Departments are willing to pool the banking system of Europe and America, setting up a world financial power independent of and above the Government of the United States....The United States under present conditions will be transformed from the most active of manufacturing nations into a consuming and importing nation with a balance of trade against it.

  Louis Thomas McFadden

  Money, New York, Independent

  19 Copy quote

• If duties are too high, they lessen the consumption; the collection is eluded; and the product to the treasury is not so great as when they are confined within proper and moderate bounds. This forms a complete barrier against any material oppression of the citizens by taxes of this class, and is itself a natural limitation of the power of imposing them.

  Alexander Hamilton

  Class, Citizens, Taxation

  Alexander Hamilton, James Madison, John Jay (2009). “The Federalist”, p.130, Harvard University Press

  24 Copy quote

  Show source

• The countless gold of a merry heart, The rubies and pearls of a loving eye, The indolent never can bring to the mart, Nor the secret hoard up in his treasury.

  William Blake

  Heart, Eye, Secret

  William Blake, W. H. Stevenson (2007). “Blake: The Complete Poems”, p.171, Pearson Education

  12 Copy quote

  Show source

• Goldman Sachs was fundamentally responsible for the crash of 2008, but by that time its former Chairman and Chief Executive Officer, Henry 'Hank' Paulson, had been installed as US Treasury Secretary to begin the bank bail out policy, with enormous benefit to Goldman Sachs, in the closing weeks of the Bush administration. Goldman Sachs was also instrumental in the collapse of the economy in Greece that started the 'euro panic' that later engulfed Ireland.

  David Icke

  Panic, Administration, Bail

  6 Copy quote

• Democracy is a form of government that cannot long survive, for as soon as the people learn that they have a voice in the fiscal policies of the government, they will move to vote for themselves all the money in the treasury, and bankrupt the nation.

  Unknown

  Moving, Government, Voice

  97 Copy quote

• With the ministry's motto 'Research on a Shoestring' emblazoned on his coat of arms, he has to struggle with a treasury more interested in surtax relief than national survival. [Responding to an earlier statement by British Science Minister, Lord Hailsham, that British scientists were being recruited by the U.S.]

  Harold Wilson

  Struggle, Science, Survival

  6 Copy quote

• The treasury could fill old bottles with banknotes and bury them..and leave it to private enterprises on well-tried principles of laissez-faire to dig the notes up again.

  John Maynard Keynes

  Principles, Bottles, Laissez Faire

  4 Copy quote

• Democracy cannot exist as a permanent form of government. It can only exist until the voters discover they can vote themselves largesse out of the public treasure. From that moment on, the majority always votes for the candidate promising the most benefit from the public treasury, with the result that democracy always collapses over a loose fiscal policy, always to be followed by a dictatorship, and then a monarchy.

  Alexander Fraser Tytler

  Democracies Have, Government, Democracy

  62 Copy quote

• The former police chief of Houston once said of me: "Frank Abagnale could write a check on toilet paper, drawn on the Confederate States Treasury, sign it 'U.R. Hooked' and cash it at any bank in town, using a Hong Kong driver's license for identification."

  Frank Abagnale

  Writing, Police, Houston

  "Catch Me if You Can: The True Story of a Real Fake". Book by Frank W. Abagnale, 1989.

  7 Copy quote

  Show source

• The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt. People must again learn to work, instead of living on public assistance.

  Taylor Caldwell

  Freedom, Work, Rome

  58 Copy quote

• If taxation without consent is robbery, the United States government has never had, has not now, and is never likely to have, a single honest dollar in its treasury. If taxation without consent is not robbery, then any band of robbers have only to declare themselves a government, and all their robberies are legalized.

  Lysander Spooner

  Government, United States, Dollars

  "Let's Abolish Government".

  14 Copy quote

  Show source

• The budget should be balanced, the treasury should be refilled, the public debt should be reduced and the arrogance of public officials should be controlled.

  Ross Perot

  Arrogance, Debt, Economy

  United States. Congress. Joint Committee on the Organization of Congress, H. Ross Perot (1993). “Ethics Reform: Testimony of H. Ross Perot : Hearing Before the Joint Committee on the Organization of Congress, One Hundred Third Congress, First Session ... March 2, 1993”

  61 Copy quote

  Show source

• If the U.S. Government was a company, the deficit would be $5 trillion because they would have to account by general accepted accounting principles. But actually they encourage government spending, reckless government spending, because the government can issue Treasury bills at extremely low interest rates.

  Marc Faber

  Issues, Government, Bills

  7 Copy quote

• When Gordon the Brown, in London in 1997, commissioned a great inquisition or survey of his new realm, the result was the so-called national asset register (NAR), which was immediately dubbed by the boomers of the UK Treasury "the modern Domesday Book".

  James Buchan

  Book, London, Modern

  "Judgment Day... again" by James Buchan, www.theguardian.com. August 6, 2001.

  5 Copy quote

  Show source

• No king or minister could have instructed Newton to discover the law of gravity, for they did not know and could not know that there was such a law to discover. No Treasury official told Fleming to discover penicillin. Nor was Rutherford instructed to split the atom by a certain date.

  C. Northcote Parkinson

  Kings, Ignorance, Law

  36 Copy quote

• The primary factor that enables our government to peddle economic snake oil is the dollar's unique role as the world's reserve currency, and our creditors' willingness to preserve its status. By buying up dollars and loaning them back to us through Treasury debt, productive countries give American politicians cart blanche to play Santa Claus.

  Peter Schiff

  Country, Unique, Play

  7 Copy quote

• Every tax ought to be so contrived as both to take out and to keep out of the pockets of the people as little as possible, over and above what it brings into the public treasury of the State.

  Adam Smith

  People, Pockets, Littles

  Adam Smith (2010). “An Inquiry Into the Nature and Causes of the Wealth of Nations”, p.499, Cosimo, Inc.

  16 Copy quote

  Show source

• I once found myself conspiring with a British Cabinet Minister as to how we might persuade Her Majesty's Treasury to cough up more money for the British Travel advertising in America. Said he, "Why does any American in his senses spend his vacation in the cold damp of an English summer when he could equally well bask under Italian skies? I can only suppose that your advertising is the answer." Damn right.

  David Ogilvy

  Summer, Italian, Vacation

  David Ogilvy (1963). “Confessions of an advertising man”, Holiday House

  4 Copy quote

  Show source

• Globalization has altered the dynamics in the White House, as well as between the White House and the Treasury.

  George W. Bush

  White, House, Dynamics

  4 Copy quote

• I set out with a perfect distrust of my own abilities, a total renunciation of every speculation of my own, and with a profound reverence for the wisdom of our ancestors, who have left us the inheritance of so happy a Constitution and so flourishing an empire, and, what is a thousand times more valuable, the treasury of the maxims and principles which formed the one and obtained the other.

  Edmund Burke

  Profound, Perfect, Principles

  Edmund Burke (1852). “The Works and Correspondence of the Right Honourable Edmund Burke”, p.269

  4 Copy quote

  Show source