When plunder becomes a way of life, men create for themselves a legal system that authorizes it and a moral code that glorifies it.— Frederic Bastiat
Beautiful Monetary quotations
If you make people uniform, you can control them.
If you teach people to read, and think, and question things, you lose control. So, the best idea is to separate people if you wish to maintain a monetary system. It's called divide and conquer. By dividing people, they're not a threat, you can control them.
It is well enough that 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.
War, poverty, corruption, hunger, misery, human suffering will not change in a monetary system. That is, there will be very little significant change. It’s going to take the redesign of our culture and values.
The major economic policy challenges facing the nation today - pick your favorites among the usual suspects of low public and household savings, concerns about educational quality and achievement, high and rising income inequality, the large imbalances between our social insurance commitments and resources - are not about monetary policy.
You are a den of vipers and thieves. I intend to rout you out, and by the eternal God, I will rout you out.
The bank hath benefit of interest on all moneys which it creates out of nothing.
Bankers own the earth. Take it away from them, but leave them the power to create money and control credit, and with a flick of a pen they will create enough to buy it back.
Monetary success is not success. Career success is not success. Life, someone that loves you, giving to others, doing something that makes you feel complete and full. That is success. And it isn't dependent on anyone else.
Having examined the nature of fractional reserve and of central banking, and having seen how the questionable blessings of Central Banking were fastened upon America, it is time to see precisely how the Fed, as presently constituted, carries out its systemic inflation and its control of the American monetary system.
A snarky but accurate description of monetary policy over the past five years is that the Federal Reserve successfully replaced the technology bubble with a housing bubble
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.
My agency in promoting the passage of the National Banking Act was the greatest mistake of my life. It has built up a monopoly which affects every interest in the country
Earth is abundant with plentiful resources.
Our practice of rationing resources through monetary control is no longer relevant and is counter-productive to our survival.
Money is a new form of slavery, and distinguishable from the old simply by the fact that it is impersonal - that there is no human relation between master and slave.
Paper money has had the effect in your State that it ever will have, to ruin commerce, oppress the honest, and open a door to every species of fraud and injustice.
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
Paper money eventually returns to its intrinsic value - zero.
The most valuable things in life are not measured in monetary terms. The really important things are not houses and lands, stocks and bonds, automobiles and real state, but friendships, trust, confidence, empathy, mercy, love and faith.
The issuing power [of money] should be taken from the banks and restored to the people, to whom it properly belongs.
In our time, the curse is monetary illiteracy, just as inability to read plain print was the curse of earlier centuries.
Thanks to the central bank, most "monetary experts" and "leading macro-economists" can, by putting them on the payroll, be turned into government propagandists "explaining," like alchemists, how stones (paper) can be turned into bread (wealth).
I hope we shall . . . crush in [its] birth the aristocracy of our monied corporations.
Inflation is always and everywhere a monetary phenomenon.
Monetary policy itself cannot sensibly be directed at reducing imbalances.
Marxism represents a further vital and creative stage in the maturing of man's universal vision... The nation-state is gradually yielding its sovereignty... More intensive efforts to shape a new world monetary structure will have to be undertaken.
During the thousands of years of monetary system, most workers have been paid just enough to make it necessary that they return to work, even when higher wages have been possible. How else can the wage-payer keep the workers coming back?
Business, endorsements and things of that nature, I got into it kinda naturally.
Those ventures materialised as a direct result of things that I was actually doing; all the partnerships have been organic and not necessarily etched out plans for monetary gain.
As financial markets continue to broaden and deepen, the behavior of asset prices will play an important role in the formulation of monetary policy going forward, perhaps a more important role than in the past.
We made a decision that monetary policy will be made by an independent European Central Bank.
Well, I think as long as people are talking about stimulus, I think the Fed will be thinking about cutting rates because monetary policy is the better way to go because you can turn it on and turn it off.
My definition of success is to be happy in what you like to do best.
It's not a monetary value; it's an internal value in itself. If you're happy from the inside-out, thats what is important. Success comes as a day to day value or reaching a goal that you have, and you've got to prepare yourself for what's to come when success is there.
It's hard in a monetary system to trust people.
However, in spite of the general perception that monetary policy should be conducted so as to avert deflation, a central bank cannot lower interest rates below the zero lower bound.
The supply-side effect of a restrictive monetary policy, moreover, is likely to be perverse. High interest rates enter into costs and thus exert inflationary pressure, as well as inhibiting the expansion of capacity or the introduction of cost -reducing capital improvements.