Federal Reserve Quotes - Page 6

• We do not interpret bitcoin's popularity as having a relationship with the public's view of the Federal Reserve's conduct of monetary policy

  Janet Yellen

  Views, Bitcoin, Popularity

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• Musicians burn through more cash than the Federal Reserve.

  Shawn Amos

  Musician, Cash, Reserves

  "'How Do You Expect Me to Live on $10 Million a Year?': Famous Musician Bankruptcies" by Shawn Amos, www.foxnews.com. June 15, 2009.

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• I cannot disagree with you that having something like 500 economists is extremely unhealthy. As you say, it is not conducive to independent, objective research. You and I know there has been censorship of the material published. Equally important, the location of the economists in the Federal Reserve has had a significant influence on the kind of research they do, biasing that research toward noncontroversial technical papers on method as opposed to substantive papers on policy and results

  Milton Friedman

  Independent, Political, Important

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• The Federal Reserve... is in the position of the chaperone who has ordered the punch bowl removed just when the party was really warming up.

  William McChesney Martin

  Party, Chaperones, Warming Up

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• The Federal Reserve is not currently forecasting a recession.

  Ben Bernanke

  Forecasting, Recessions, Reserves

  Speech at the "Women in Housing and Finance" luncheon in Washington, www.sfgate.com. January 10, 2008.

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• The Federal Reserve will not monetize the debt.

  Ben Bernanke

  Debt, Reserves

  "Who Do You Trust with Your Money?". Ben Bernanke's speech before the U.S. House Budget Committee in Washington, D.C., www.minneapolisfed.org. September 1, 2009.

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• [Ben Carson] critics say that your inexperience shows. You've suggested that the Baltic States are not a part of NATO, you were unfamiliar with the major political parties and government in Israel, and domestically, you thought Alan Greenspan had been treasury secretary instead of federal reserve chair.

  Megyn Kelly

  Party, Government, Israel

  Source: www.cbsnews.com

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• I know this, the Federal Reserve is private and the I.R.S. is screwing us.

  Alex Jones

  Knows, Reserves

  FaceBook post by Alex Jones from Oct 28, 2015

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• That is the one thing in my public career that I regret--my work to secure the enactment of the Federal Reserve Law.

  William Jennings Bryan

  Regret, Law, Careers

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• Gold has intrinsic value. The problem with the dollar is it has no intrinsic value. And if the Federal Reserve is going to spend trillions of them to buy up all these bad mortgages and all other kinds of bad debt, the dollar is going to lose all of its value. Gold will store its value, and you'll always be able to buy more food with your gold.

  Peter Schiff

  Gold, Dollars, Debt

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• The greatest threat facing America today
  is the disastrous fiscal policies of our own government,
  marked by shameless deficit spending and
  Federal Reserve currency devaluation.
  It is this one-two punch -
  Congress spending more than it can tax or borrow,
  and the Fed printing money to make up the difference -
  that threatens to impoverish us by further
  destroying the value of our dollars.

  Ron Paul

  America, Government, Printing Money

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• The international monetary order is more precarious by far today than it was in 1929. Then, gold was international money, incorruptible, unmanageable, and unchangeable. Today, the U.S. dollar serves as the international medium of exchange, managed by Washington politicians and Federal Reserve officials, manipulated from day to day, and serving political goals and ambitions. This difference alone sounds the alarm to all perceptive observers.

  Hans F. Sennholz

  Ambition, Order, Differences

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• Prior to 1968, the gullible gentiles could take a one dollar Federal Reserve note into any bank in America and redeem it for a dollar which was by law a coin containing 412 1/2 grains of 90 per cent silver. Up until 1933, one could have redeemed the same note for a coin of 25 4/5ths grains of 90 per cent gold. All we do is give the goy more non-redeemable notes, or else copper slugs. But we never give them their gold and silver. Only more paper.

  Harold Wallace Rosenthal

  Law, America, Giving

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• We own the Federal Reserve. There is this misconception that the Federal Reserve is some private entity. But if I might give an analogy here, we - U.S. taxpayers - own all the stock in the Federal Reserve.

  Gary Johnson

  Giving, Analogies, Might

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• The problems of 2008 were never cured. The Federal Reserve's solution to the crisis was to lend the economy enough money to borrow its way out of debt. It thought that if it could subsidize banks lending homeowners enough money to buy houses from people who are defaulting, then the bank balance sheets would end up okay.

  Michael Hudson

  People, House, Balance

  Source: www.counterpunch.org

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• Nothing did more to spur the boom in stocks than the decision made by the New York Federal Reserve bank, in the spring of 1927, to cut the rediscount rate. Benjamin Strong, Governor of the bank, was chief advocate of this unwise measure, which was taken largely at the behest of Montagu Norman of the Bank of England....At the time of the Banks action I warned of its consequences....I felt that sooner or later the market had to break.

  Bernard Baruch

  Strong, Money, New York

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• If we stuck to the Constitution as written, we would have: no federal meddling in our schools; no Federal Reserve; no U.S. membership in the UN; no gun control; and no foreign aid. We would have no welfare for big corporations, or the "poor"; no American troops in 100 foreign countries; no NAFTA, GAT, or "fast-track"; no arrogant federal judges usurping states rights; no attacks on private property; no income tax. We could get rid of most of the agencies, and most of the budget. The government would be small, frugal, and limited.

  Ron Paul

  Country, School, Gun

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• The Federal Reserve the privately owned U.S. central bank definitely caused The Great Depression by contracting the amount of currency in circulation by one third from 1929 to 1933.

  Milton Friedman

  Great Depression, Currency, Circulation

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• The drum-fire of propaganda that the Fed is manning the ramparts against the menace of inflation brought about by others is nothing less than a deceptive shell game. The culprit solely responsible for inflation, the Federal Reserve, is continually engaged in raising a hue-and-cry about 'inflation,' for which virtually everyone else in society seems to be responsible. What we are seeing is the old ploy by the robber who starts shouting 'Stop, thief!' and runs down the street pointing ahead at others.

  Murray Rothbard

  Running, Fire, Games

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• The truth is the Federal Reserve Board has usurped the Government of the United States. It controls everything here and it controls all our foreign relations. It makes and breaks government at will.

  Louis Thomas McFadden

  Government, United States, Boards

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• It is not wise for us to permit a few people on the Federal Reserve Board to have life and death power over our economy. My recommendation for reducing some of that power is to repeal legal tender laws and eliminate all taxes on gold, silver and platinum transactions. That way there would be money substitutes and the government money monopoly would be reduced and hence the ability to tax - some people would say steal from - us through inflation.

  Walter E. Williams

  Wise, Law, Government

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• The first task of the Federal Reserve system would be to finance the World War. The European nations were already bankrupt, because they had maintained large standing armies for almost fifty years, a situation created by their own central banks, and therefore they could not finance a war. A central bank always imposes a tremendous burden on the nation for "rearmament" and "defense", in order to create inextinguishable debt, simultaneously creating a military dictatorship and enslaving the people to pay the "interest" on the debt which the bankers have artificially created.

  Eustace Mullins

  Military, War, Army

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• The Federal Reserve is the overlord of the money supply. If these two are not steering in the same direction, they can either neutralize each other or have the economy lurching in all directions. This is not a rational system for setting economic policy. It has given us trouble in the past, as the text will establish, and will inevitably in the future.

  Wright Patman

  Past, Two, Politics

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• The Obama administration's plan is to have the Federal Reserve regulate banks that might pose a 'systemic risk' if they were to fail.

  Thomas Frank

  Risk, Might, Administration

  "The Real Danger of 'One Big Regulator'" by Thomas Frank, www.huffingtonpost.com. March 18, 2010.

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• Nothing good can come from the Federal Reserve. It is the biggest taxer of them all. Diluting the value of the dollar by increasing its supply is a vicious, sinister tax on the poor and middle class.

  Ron Paul

  Class, Dollars, Poor

  "End the Fed". Book by Ron Paul, September 16, 2009.

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