I have included here some of the best quotes concerning economics I have accumulated over the years.. enjoy! ;)
“The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented. 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 it away from them and all great fortunes like mine will disappear, and they aught to disappear, for then this world 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.” -Sir Josiah Stamp, former director of the Bank of England 1928-1941
"You cannot bring about prosperity by discouraging thrift. You cannot strengthen the weak by weakening the strong. You cannot help the wage earner by pulling down the wage payer. You cannot further the brotherhood of man encouraging class hatred. You cannot help the poor by destroying the rich. You cannot keep out of trouble by spending more than you earn. You cannot build character and courage by taking away man’s initiative and independence. You cannot help men permanently by doing for them what they could and should do for themselves."
--Abraham Lincoln
“Money is too important to be left to central bankers. You essentially have a group of unelected people who have enormous power to affect the economy. I’ve always been in favor of replacing the Fed with a laptop computer, to calculate the monetary base and expand it annually, through war, peace, feast and famine by a predictable 2%,” -Milton Friedman, who passed away on Nov 16, 2006.
"History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling the money and its issuance." -James Madison
"Our federal tax system is, in short, utterly impossible, utterly unjust and completely counterproductive...[it] reeks with injustice and is fundamentally un-American... it has earned a rebellion and it's time we rebelled." -Ronald Reagan, May 1983
"Economics is a living thing and to live implies both imperfection and change." --Von Mises, Human Action
"Economics deals with real man…not ideal beings, omniscient and perfect." .--Ludwig von Mises
"I would rather belong to a poor nation that was free than to a rich nation that had ceased to be in love with liberty." -Woodrow Wilson
“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 for these gentlemen, I advise you, as long as the Capitalist system lasts, to vote for gold.” - George Bernard Shaw
“Paper money eventually returns to its intrinsic value ---- zero.” - Voltaire
"Paper money will…ruin commerce, oppress the honest and open the door to every species of fraud and injustice." -George Washington
By the experience of commercial nations in all ages it has been found that Gold and Silver afford the only safe foundation for a monetary system. Confusion has recently been created by variations in the relative value of the two metals, but I confidently believe that arrangements can be made between the leading commercial nations which will secure the general use of both metals. – James A. Garfield
“Government cannot make man richer, but it can make him poorer.” –Ludwig von Mises
“The major monetary metal is Silver, not Gold.” –Milton Friedman
“Inflation is taxation without legislation” –Milton Friedman
“I place economy among the first and most important virtues, and debt as the greatest of dangers to be feared.” –Thomas Jefferson
“Taxing capital gains is like sawing the limbs of a fruit bearing tree” –Irwing Fischer
“Paper is a mortgage on wealth that does not exist, backed by a gun aimed at those who are expected to produce it” –Ayn Rand
“Paper money is a check drawn by legal looters upon an account which is not theirs” –Ayn Rand
"There are 10^11 stars in the galaxy. That used to be a huge number. But it's only a hundred billion. It's less than the national deficit! We used to call them astronomical numbers. Now we should call them economical numbers." –Richard Feynman
"The most important single central fact about a free market is that no exchange takes place unless both parties benefit." -Milton Friedman
"With the exception only of the period of the gold standard, practically all governments of history have used their exclusive power to issue money to defraud and plunder the people." - F.A. von Hayak
"Deficit spending is simply a scheme for the 'hidden' confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights." - Alan Greenspan
"The gold standard makes the money's purchasing power independent of the changing, ambitions and doctrines of political parties and pressure groups. This is not a defect of the gold standard; it is its main excellence." - Ludwig von Mises
“There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.” - Ludwig von Mises
"Paper is poverty, .... it is only the ghost of money, and not money itself" -Thomas Jefferson
"Whoever controls the volume of money in our country is absolute master of all industry and commerce...and when you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate." –James A. Garfield
"If the people only understood the rank injustice of our money and banking system, there would be a revolution before morning" -President Andrew Jackson, 1829
"If all the bank loans were paid up, no one would have a bank deposit, and there would not be a dollar of currency or coin in circulation. This is a staggering thought. We are completely dependent on the commercial banks for our money. Someone has to borrow every dollar we have in circulation, cash or credit. If the banks create ample synthetic money, we are prosperous; if not, we starve. We are absolutely without a permanent money system. When one gets a complete grasp upon the picture, the tragic absurdity of our hopeless position is almost incredible - but there it is. It is the most important subject intelligent persons can investigate and reflect upon. It is so important that our present civilization may collapse unless it is widely understood and the defects remedied very soon." -Robert H. Hemphill, Federal Reserve Bank of Atlanta
