Federal Reserve Quotes - Page 8

• Last year, Congress passed a law that directs the Federal Reserve to set limits on debit card swipe fees that are reasonable and proportional to the cost of processing those transactions. Like most Americans, I had no idea that swipe fees charged to American businesses are the highest in the world.

  Peter Welch

  Law, Ideas, Years

  5 Copy quote

• The investment banks should either choose to be regulated as banks or should arrange to conduct their affairs to not require the stop-gap support of the Federal Reserve.

  Kenneth C. Griffin

  Support, Gaps, Affair

  "A Wish List for Fixing Wall Street" by Andrew Ross Sorkin, www.nytimes.com. May 13, 2008.

  4 Copy quote

  Show source

• In a democracy the responsibility for the Government's economic policies, which so affect the economy, normally rests with the elected representative of the people: in our case, with the President and the Congress. If these two follow economic policies inimical to the general welfare, they are accountable to the people for their actions on election day. With Federal Reserve independence, however, a body of men exist who control one of the most powerful levers moving the economy and who are responsible to no one.

  Wright Patman

  Powerful, Moving, Responsibility

  5 Copy quote

• I think I understand the Constitution a little bit because in 1971 we went off the gold standard under President Nixon into the Federal Reserve notes because we were a worldwide currency.

  Bill O'Reilly

  Thinking, President, Gold

  Source: www.foxnews.com

  4 Copy quote

  Show source

• History has recorded nothing so dramatic in design, nor so skillfully manipulated, as this attempt to create the National Reserve Association, or the Federal Reserve.

  Charles Lindbergh

  Design, Association, Dramatic

  15 Copy quote

• Any money the government spends must be taxed, borrowed or conjured out of thin air by the Federal Reserve, and that will reduce sound private investment. Obama has no real wealth to inject into the economy. He can only move around existing money while inflation robs us of purchasing power. Meanwhile, private investors who might have produced a better engine, battery, computer, cancer treatment or other wealth-creating and life-enhancing innovations hold back for fear that big government will undermine productive efforts.

  John Stossel

  Real, Cancer, Moving

  "Arrogant Conceit". townhall.com. December 24, 2008.

  6 Copy quote

  Show source

• The Fed cannot reduce inequality on its own; far from it. This requires a concerted effort by the government, broadly speaking, to support a variety of efforts. These include things like raising the federal minimum wage, eliminating unfair restrictions on union organizing, increased fiscal spending on needed infrastructure with a condition that these jobs will be decent paying jobs. Of course, this is just the tip of the iceberg, and far from the question of the role of the Federal Reserve.

  Gerald Epstein

  Jobs, Government, Support

  Source: www.truth-out.org

  4 Copy quote

  Show source

• When it comes to the Federal Reserve, there's an awful lot of books out there; in my library, I bet I've got 200 books if I've got any on the Federal Reserve. And we don't need any more books, we need action, and that's what the Liberty Dollar did, it gave people a way to take action. Our catch phrase was you want to "make money, do good, and have fun," and people really responded to that.

  Bernard von NotHaus

  Fun, Book, People

  Source: www.lewrockwell.com

  4 Copy quote

  Show source

• You know policy is driven purely in self interest. The Federal Reserve Bank and the commercial banks and the Wall Street banks are not acting in the interests of the population at large, they're acting purely in their own self-interest, which is a shame because they're actions dictate the reality for 300 million Americans. But they don't see it that way, they see it only as a way to preserve their own self-interest.

  Max Keiser

  Wall, Reality, Acting

  Source: www.huffingtonpost.com

  7 Copy quote

  Show source