Monetary Quotes - Page 4

• Of course I've already taken a very modest position on the monetary system, I do take the position that we should just end the Fed.

  Ron Paul

  Taken, Feds, Ends

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• The participation of our country in the eurozone is a guarantee for the country's monetary stability. It is a driver of financial prosperity.

  Lucas Papademos

  Country, Guarantees, Financial

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• The available supply of gold and silver being wholly inadequate to permit the issuance of coins of intrinsic value or paper currency convertible into coin of intrinsic value or paper currency convertible into coin in the volume required to serve the needs of the People, some other basis for the issue of currency must be developed, and some means other than that of convertibility into coin must be developed to prevent undue fluctuation in the value of paper currency or any other substitute for money intrinsic value that may come into use.

  Abraham Lincoln

  Mean, Issues, People

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• Government should stand behind its currency and credit and the bank deposits of the nation. No individual should suffer a loss of money through depreciation or inflated currency of Bank bankruptcy.

  Abraham Lincoln

  Loss, Government, Suffering

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• Government, possessing the power to create and issue currency and credit as money and enjoying the right to withdraw both currency and credit from circulation by taxation and otherwise, need not and should not borrow capital at interest as a means of financing government work and public enterprises.

  Abraham Lincoln

  Mean, Government, Issues

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• The privilege of creating and issuing money is not only the supreme prerogative of government, but it is the government's greatest creative opportunity.

  Abraham Lincoln

  Opportunity, Government, Creating

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• By adoption of these principles, the long-felt want for a uniform medium will be satisfied. The taxpayers will be saved immense sums of interest, discounts, and exchanges. The financing of all public enterprises, the maintenance of stable government and ordered progress, and the conduct of the Treasury will become matters of practical administration. The people can and will be furnished with a currency as safe as their own government.

  Abraham Lincoln

  Government, Long, People

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• We made a decision that monetary policy will be made by an independent European Central Bank.

  Gerhard Schroder

  Independent, Decision, Made

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• We are talking about an awesome power. It is the power to weave illusions that appear real as long as they last. That is the very core of the Fed's power. Of course not everyone is instinctively against this illusion-weaving power, and many even welcome it. Tragically, the innocent who understand little about the complexity of the monetary system suffer the most, while those who are in the know reap great profit whether the market is going up or down.

  Ron Paul

  Money, Real, Power

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• Europe unified its monetary policy through the euro before it unified politically, therefore sustaining member countries' abilities to pursue the kind of independent fiscal policies that can strain a joint currency.

  Amity Shlaes

  Country, Independent, Europe

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• One of the worst forms of mental suffering is boredom, not knowing what to do with oneself and one's life. Even if man had no monetary, or any other reward, he would be eager to spend his energy in some meaningful way because he could not stand the boredom which inactivity produces.

  Erich Fromm

  Meaningful, Men, Knowing

  Erich Fromm (2012). “The Sane Society”, p.282, Routledge

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• The basic prescription for preventing deflation is therefore straightforward, at least in principle: Use monetary and fiscal policy as needed to support aggregate spending, in a manner as nearly consistent as possible with full utilization of economic resources and low and stable inflation. In other words, the best way to get out of trouble is not to get into it in the first place.

  Ben Bernanke

  Business, Support, Principles

  "Deflation: Making Sure "It" Doesn't Happen Here". Ben Bernanke's Remarks Before the National Economists Club in Washington, D.C., www.federalreserve.gov. November 21, 2002.

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• You have to choose between trusting to the natural stability of gold and the natural stability of the honesty and intelligence of the members of the government. And, with due respect to these gentlemen, I advise you, as long as the capitalist system lasts, to vote for gold.

  George Bernard Shaw

  Respect, Money, Honesty

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• A power has risen up in the government greater than the people themselves, consisting of many and various powerful interests, combined in one mass, and held together by the cohesive power of the vast surplus in banks.

  John C. Calhoun

  Powerful, Government, People

  John C. Calhoun “The Works of John C. Calhoun Volume 2”, Jazzybee Verlag

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• The Trilateralist Commission is international...(and)...is intended to be the vehicle for multinational consolidation of the commercial and banking interests by seizing control of the political government of the United States. The Trilateralist Commission represents a skillful, coordinated effort to seize control and consolidate the four centers of power - political, monetary, intellectual, and ecclesiastical.

  Barry Goldwater

  Order, Nwo, World Government

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• Ever since its founding in 1913, the Fed has described itself as an "independent" agency operated by selfless public servants striving to "fine-tune" the economy through monetary policy. In reality, however, a non-political governmental institution is as likely as a barking cat.

  Thomas DiLorenzo

  Cat, Independent, Reality

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• What generates war is the economic philosophy of nationalism: embargoes, trade and foreign exchange controls, monetary devaluation, etc. The philosophy of protectionism is a philosophy of war.

  Ludwig von Mises

  Freedom, Philosophy, War

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• ...monetary exchanges have interesting things in common; Gresham's law, if true, says what one of these interesting things is. But what is interesting about monetary exchanges is surely not their commonalities under physical description. A natural kind like a monetary exchange could turn out to be co-extensive with a physical natural kind; but if it did, that would be an accident on a cosmic scale.

  Jerry Fodor

  Knowledge, Law, Interesting

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• Thus, our national circulating medium is now at the mercy of loan transactions of banks, which lend, not money, but promises to supply money they do not possess

  Irving Fisher

  Historical, Promise, Banking

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• The monogram of our national initials, which is the symbol for our monetary unit, the dollar, is almost as frequently conjoined to the figures of an engineer's calculations as are the symbols indicating feet, minutes, pounds, or gallons. ... This statement, while true in regard to the work of all engineers, applies particularly to that of the mechanical engineer.

  Henry R. Towne

  Feet, Dollars, Pounds

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• Goodness is weakness, pleasantness is poisonous, serenity is mediocrity and kindness is for losers. The best reason for committing loathsome and detestable acts – and let’s face it, I am considered something of an expert in this field – is purely for their own sake. Monetary gain is all very well, but it dilutes the taste of wickedness to a lower level that is obtainable by almost anyone with an overdeveloped sense of avarice. True and baseless evil is as rare as the purest good.

  Jasper Fforde

  Kindness, Evil, Serenity

  "The Eyre Affair". Book by Jasper Fforde, July 19, 2001.

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• A lot of joblessness in the black community doesn't seem to be reachable through fiscal and monetary policies. People have not been drawn into the labor market even during periods of economic recovery.

  William Julius Wilson

  Recovery, People, Community

  Interview with Gerald Early, www.motherjones.com. September/October, 1996.

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• The world's central banks and the International Monetary Fund still have vaults full of bullion, even though currencies are no longer backed by gold. Governments hold on to it as a kind of magic symbol, a way of reassuring people that their money is real.

  James Surowiecki

  Real, Government, People

  "Why Gold?". www.newyorker.com. November 29, 2004.

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• The concept of the public welfare is broad and inclusive ... the values it represents are spiritual as well as physical, aesthetic as well as monetary. It is within the power of the legislature to determine that the community should be beautiful as well as healthy, spacious as well as clean, well balanced as well as carefully patroled.

  William O. Douglas

  Beautiful, Spiritual, Community

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• My father, one of the great entrepreneurs and philanthropists of this state, taught me that capital - monetary or political - is to be used to benefit others. I intend to continue that tradition.

  Jon Huntsman, Jr.

  Father, Entrepreneur, Political

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