Banking and Monetary Policy

“Government is the only agency that can take a valuable commodity like paper, slap some ink on it, and make it totally worthless”
Ludwig von Mises

“Banking was conceived in iniquity and born in sin. Bankers own the Earth. Take it away from them, but leave them the power to create money, and with the flick of the pen they will create enough money to buy it back again…Take this great power away from them and all great fortunes like mine will disappear, and they ought to disappear, for then this would be a better and happier world to live in. But if you want to continue to be slaves of the banks and pay the cost of your own slavery, then let bankers continue to create money and control credit.”
Josiah Stamp Director of the Bank of England, 1928-1941

“It is well enough that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”
Henry Ford

“We in the Congress have a moral and constitutional obligation to protect the value of the dollar and to understand why it is so important to the economy that a central bank not be given the unbelievable power of inflating a currency at will and pretending that it knows how to fine-tune an economy through this counterfeit system of money.”
Ron Paul, M.D. and U.S. Congressman (R-Texas)

“If all bank loans were paid, there would not be a dollar of coin or currency in circulation. Someone has to borrow every dollar we have in circulation. We are absolutely without a permanent money system.”
Robert Hemphill, Federal Reserve Bank, Atlanta

“By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.”
John Maynard Keynes

“All the perplexities, confusion and distress in America rise, not from defects in the Constitution or Confederation, not from want of honor or virtue, so much as from downright ignorance of the nature of coin, credit, and circulation.”
John Adams, in a letter to Thomas Jefferson, 1787

“If the American people ever allow private banks to control the issue of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children will wake up homeless on the continent their fathers conquered.”
Thomas Jefferson, in a letter to Albert Gallatin, Secretary of the Treasury, 1802

“The war against illegal plunder has been fought since the beginning of the world. But how is legal plunder to be identified? Quite simply. See if the law takes from some persons what belongs to them, and gives it to other persons to whom it does not 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 this law without delay…If such a law is not abolished immediately, it will spread: multiply and develop into a system.”
Bastiat

“I am a most unhappy man. I have unwittingly ruined my country.” “[The United States is] no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men”.
Woodrow Wilson, referring to his signature enacting the Federal Reserve Board in 1913

“I was as secretive, indeed I was as furtive as any conspirator. Discovery, we knew, simply must not happen, or else all our time and effort would have been wasted. If it were exposed, that our particular group [of wealthy bankers] had got together and written a banking bill, that bill would have no chance whatever of passage by Congress”.
Frank A. Vanderlip, one of the members of the secret Jekyll Island meeting where the Federal Reserve was conceived in 1910

Government

“Whensoever the federal government assumes unconstitutional powers, a “nullification of the act is THE rightful remedy”.”
Thomas Jefferson

“A government big enough to supply everything you need is big enough to take everything you have…The course of history shows that as a government grows, liberty decreases.”
Thomas Jefferson

“Government is not reason, it is not eloquence, it is force; like fire, a troublesome servant and a fearful master. Never for a moment should it be left to irresponsible action.”
George Washington

“Whenever the legislators endeavor to take away and destroy the property of the people, or to reduce them to slavery under arbitrary power, they put themselves into a state of war with the people, who are thereupon absolved from any further obedience, and are left to the common refuge which God hath provided for all men against force and violence.”
John Locke

“A claim for equality of material position can be met only by a government with totalitarian powers… ‘Emergencies’ have always been the pretext on which the safeguards of individual liberty have been eroded.”
Friedrich August von Hayek

“Good intentions will always be pleaded for every assumption of authority…There are men in all ages who mean to govern well, but they mean to govern. They promise to be good masters, but they mean to be masters.”
Noah Webster

“Power tends to corrupt, and absolute power corrupts absolutely. Great men are almost always bad men.”
Lord Acton

“We need a revolution every 20 years just to keep government honest.”
Thomas Jefferson

“Democracy never lasts long. It soon wastes, exhausts, and murders itself. There was never a democracy that did not commit suicide.”
Samuel Adams

“Those who make peaceful revolution impossible, make violent revolution inevitable.”
John F. Kennedy

“We shall have World Government, whether or not we like it. The only question is whether World Government will be achieved by conquest or consent.”
James Paul Warburg – February 17, 1950 to the United States Senate

“It is not the function of our Government to keep the citizen from falling into error; it is the function of the citizen to keep the Government from falling into error.”
-United States Supreme Court Justice Robert H. Jackson

Liberty

“If ye love wealth greater than liberty, the tranquility of servitude greater than the animating contest for freedom, go home from us in peace. We seek not your counsel, nor your arms. Crouch down and lick the hand that feeds you. May your chains set lightly upon you; and may posterity forget that ye were our countrymen.”
Samuel Adams, Architect of the First American Revolution

“A free people claim their rights as derived from the laws of nature, and not as the gift of their chief magistrate.”
Thomas Jefferson

“Heaven knows how to put a proper price upon its goods; and it would be strange indeed if so celestial an article as freedom should not be highly rated.”
Thomas Paine

Philosophical

“I can calculate the motion of heavenly bodies, but not the madness of people.”
Isaac Newton

“In any compromise between food and poison, it is only death that can win. In any compromise between good and evil, it is only evil that can profit.”
Ayn Rand

“In matters of style, swim with the current; in matters of principle, stand like a rock.”
Thomas Jefferson

“All truth passes through three stages. First, it is ridiculed, second it is violently opposed, and third, it is accepted as self-evident.”
Arthur Schopenhauer

“It ain’t what ya don’t know that hurts ya. What really puts a hurtin’ on ya is what ya knows for sure, that just ain’t so.”
Uncle Remus

“Seek the truth or hide your head in the sand. Both require digging.”
Andrew Nolan

Right to Bear Arms

“Laws that forbid the carrying of arms . . . disarm only those who are neither inclined nor determined to commit crimes . . . Such laws make things worse for the assaulted and better for the assailants; they serve rather to encourage than to prevent homicides, for an unarmed man may be attacked with greater confidence than an armed man.”
Thomas Jefferson

“The strongest reason for the people to retain the right to keep and bear arms is, as a last resort, to protect themselves against tyranny in government.”
Thomas Jefferson

“The beauty of the Second Amendment is that it will not be needed until they try to take it.”
Thomas Jefferson

“Among the many misdeeds of the British rule in India, history will look upon the act of depriving a whole nation of arms, as the blackest.”
Mahatma Gandhi

“To disarm the people is the best and most effectual way to enslave them.”
George Mason

“Gun bans don’t disarm criminals, gun bans attract them.”
Walter Mondale

“Try to halt violence by restricting gun ownership and you won’t halt violence. But you will create entire classes of new criminals – people who make paperwork errors, violate technical specification of the law, or rebel against the new restrictions. And you’ll create new bureaus, new enforcement arms, new prisons to punish them. You’ll make hordes of lawyers and bureaucrats very happy. Organized criminals will be grateful to the naive moral crusaders (“useful idiots”) as they profit by selling an illegal product. And ordinary street criminals will bless fools, legislators, and “leaders” for making their job so much safer.”
JPFO’s “Bill of Rights Sentinel”, Fall 2001

“Those who hammer their guns into plough shares shall plough for those who don’t.”
Thomas Jefferson

“Are we at last brought to such humiliating and debasing degradation that we cannot be trusted with arms for our defense? Where is the difference between having our arms in possession and under our direction, and having them under the management of Congress? If our defense be the real object of having those arms, in whose hands can they be trusted with more propriety, or equal safety to us, as in our own hands?”
Patrick Henry

“…arms…discourage and keep the invader and plunderer in awe, and preserve order in the world as well as property. …Horrid mischief would ensue were (the law-abiding) deprived the use of them.”
Thomas Paine

“We should not forget that the spark which ignited the American Revolution was caused by the British attempt to confiscate the firearms of the colonists.”
Patrick Henry

“And that the said Constitution be never construed to authorize Congress to infringe the just liberty of the Press, or the rights of Conscience; or to prevent the people of the United States, who are peaceable citizens, from keeping their own arms; …”
Samuel Adams

“Firearms stand next in importance to the constitution itself. They are the American people’s liberty teeth and keystone under independence … from the hour the Pilgrims landed to the present day, events, occurences and tendencies prove that to ensure peace security and happiness, the rifle and pistol are equally indispensable … the very atmosphere of firearms anywhere restrains evil interference — they deserve a place of honor with all that’s good.”
George Washington

“An armed man is a citizen. A disarmed man is a subject.”
Anonymous

Taxes

“Taxes are not raised to carry on wars, wars are raised to carry on taxes.”
Thomas Paine

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