Quotes About Fiat Money

#1. I want to make it clear what I am not saying. I am not saying that fiat money, once established on the ruins of gold, cannot then continue indefinitely on its own.

Murray Rothbard

#2. Thus, the use of fiat money is more justifiable in financing a depression than in financing a war.

Carroll Quigley

#3. Gold still represents the ultimate form of payment in the world. Fiat money in extremis is accepted by nobody. Gold is always accepted.

Alan Greenspan

#4. A system of capitalism presumes sound money, not fiat money manipulated by a central bank. Capitalism cherishes voluntary contracts and interest rates that are determined by savings, not credit creation by a central bank.

Ron Paul

#5. The problem with fiat money is that it rewards the minority that can handle money, but fools the generation that has worked and saved money.

Adam Smith

#6. There have been unions based on gold or silver, but not on fiat money - money tempted to inflate - put out by politically independent entities.

Milton Friedman

#7. The history of fiat money is little more than a register of monetary follies and inflations. Our present age merely affords another entry in this dismal register.

Hans F. Sennholz

#8. Only the naive inflationist's could believe that government could enrich mankind through fiat money.

Ludwig Von Mises

#9. Gold, unlike all other commodities, is a currency ... and the major thrust in the demand for gold is not for jewelry. It's not for anything other than an escape from what is perceived to be a fiat money system, paper money, that seems to be deteriorating.

Alan Greenspan

#10. If it's not accepted that big government, fiat money, ignoring liberty, central economic planning, welfarism, and warfarism caused our crisis, we can expect a continuous and dangerous march toward corporatism and even fascism with even more loss of our liberties,

Ron Paul

#11. Many hold that by floating the dollar, Nixon converted the U.S. currency into pure "fiat money" - mere pieces of paper, intrinsically worthless, that were treated as money only because the United States government insisted that they should be.

David Graeber

#12. Happy is he who has laid up in his youth, and held fast in all fortune, a genuine and passionate love of reading.

Rufus Choate

#13. It is no coincidence that the century of total war coincided with the century of central banking.

Ron Paul

#14. I was into opera as a kid - I'd play 'Carmen' and sing and dance. My mom signed me up for a theater group before preschool, and I never looked back.

Nina Arianda

#15. I put away my brushes; resolutely crucified my divine gift, and while it hung writhing on the cross, spent my best years and powers cooking cabbage. "A servant of servants shall she be," must have been spoken of women, not Negroes.

Jane Swisshelm

#16. I want to be able to say that a rap career could be ten albums.

Ice-T

#17. It is obviously no secret that I earn a lot of money. But it is also no secret that I give most of it away. I don't live a luxurious life. I drive a small second-hand Fiat. I don't have to worry about money, which is itself a privilege. But I never had any anxiety that I would lose my identity.

Henning Mankell

#18. As long as we issue fiat currency, I see no alternative to a legal tender law.

Alan Greenspan

#19. I would love to do a dramatic comedy. All of that, it all interests me. At some point I want to do my 'Monster,' like Charlize Theron, so I'm buckling up for that.

Eliza Coupe

#20. Apart from medieval China, which invented both paper and printing centuries before the West, the world had never seen government paper money until the colonial government of Massachusetts emitted a fiat paper issue in 1690.

Murray Rothbard

#21. The national debt is totally unlike a family budget for about a gazillion reasons, not the least of which being that families cannot raise money by fiat or deflate the size of their debt unilaterally and that family members die instead of existing infinitely.

Matt Taibbi

#22. Believe me when I say that Bill Clinton's second term will be good for business. My business.

Mark Russell

#23. Popular success is a palace built for a writer by publishers, journalists, admirers, and professional reputation makers, in which a silent army of termites, rats, dry rot, and death-watch beetles are tunnelling away, till, at the very moment of completion, it is ready to fall down.

Cyril Connolly

#24. My ambition is limited to the desire to capture something transient, and yet, this ambition is excessive.

Berthe Morisot

#25. Seek spirituality.

Lailah Gifty Akita

#26. Absolute money (gold) makes limited-states and localized-wars (Pre-1913); Substitute money (fiat) makes Absolute States & Wars (Post-1913)

Orrin Woodward