Quotes About Money Supply

#1. The Federal Reserve System is a legal private monopoly of the money supply operated for the benefit of the few under the guise of protecting and promoting the public interest.

Anonymous

#2. When you give government the power to control the money supply, it grows like a tumor until it extinguishes society itself.

Stefan Molyneux

#3. He who controls the money supply of a nation controls the nation.

James A. Garfield

#4. We shall take whatever action is necessary to contain the growth of the money supply. The government, unlike so many of its predecessors, will face up to economic realities.

Margaret Thatcher

#5. I think the Fed is not designed to have effective tools to deal with the economy. It should settle for just controlling the money supply. And - if it insists, it can worry about inflation.

Jeremy Grantham

#6. Contrary to what most people think, bank money is much more important than state money. In Greece, for example, bank money makes up 84.26% of the total money supply.

Steve Hanke

#7. Money, first and foremost, is a medium of communication, conveying the information we call 'price'. Government control of the money supply is censorship, a violation of the First Amendment. Inflation is a lie.

L. Neil Smith

#8. Simply put, the direct power over the money supply is the indirect power over the people.

Orrin Woodward

#9. If we did go into a recession, something that's always possible for the U.S. or Europe, we could lower interest rates and expand the money supply without worrying about the price of gold.

Jeffrey Sachs

#10. Diluting the money supply with paper is the moral equivalent of diluting the milk supply with water.

Henry Hazlitt

#11. When they so-called 'target the interest rate', what they're doing is controlling the money supply via the interest rate. The interest rate is only an intermediary instrument.

Milton Friedman

#12. In reality, government subsidized railroad construction, maintained high protective tariffs and a tight money supply, used its power to crush strikes, and in other ways supported the nation's most powerful economic interests. But the laissez-faire myth still framed political debate. The

Steven J. Diner

#13. In numerous years following the war, the Federal Government ran a heavy surplus. It could not (however) pay off its debt, retire its securities, because to do so meant there would be no bonds to back the national bank notes. To pay off the debt was to destroy the money supply.

John Kenneth Galbraith

#14. There is always the potential for a central bank to engage in discretionary monetary policy and to break the one-to-one link between changes in foreign reserves and changes in the money supply.

Steve Hanke

#15. If Congress wanted to intervene with the Federal Reserve, well, we created the Federal Reserve. We could uncreate it. But would you want Congress regulating the money supply? We'd have drowned in inflation, or gone bankrupt, decades ago.

Jim Cooper

#16. There have been times when the Federal Reserve has restricted the money supply and raised interest rates to gain an end, which had much better been left to another Government agency or the Congress to attain. The country could have had lower interest rates without sacrificing anything else.

Wright Patman

#17. The amount of currency in circulation is not changing. The money supply is not changing in any significant way.

Ben Bernanke

#18. Everything reminds Milton Friedman of the money supply. Everything reminds me of sex, but I try to keep it out of my papers.

Robert Solow

#19. Increases in money supply are what constitute inflation, and a general rise in prices is the symptom.

Walter E. Williams

#20. I'm a big fan of Bitcoin ... Regulation of money supply needs to be depoliticized.

Al Gore

#21. Debt deflation is when there's less money that people have to spend out of their paychecks on goods and services, because they're paying the FIRE sector. Oil going down is a function of the supply and demand of oil in the market. It's a separate phenomenon.

Michael Hudson

#22. I am, I know I am, the use of God's limitless opulence and supply.

Malti Bhojwani

#23. Before Volcker's speech, bonds had been conservative investments, into which investors put their savings when they didn't fancy a gamble in the stock market. After Volcker's speech, bonds became objects of speculation, a means of creating wealth rather than merely storing it.

Michael Lewis

#24. Laissez-faire, supply and demand-one begins to be weary of all that. Leave all to egotism, to ravenous greed of money, of pleasure, of applause-it is the gospel of despair.

Thomas Carlyle

#25. Government is an inherently inflationary institution and will ever remain so until it is dispossessed of its monopoly of the supply of money.

Joseph Salerno

#26. The Anti-Slavery public have generously responded to our appeal, and sent the means to enable us to fit them out well, to pay their passages, supply them with many useful articles and give the Missionaries money to sustain themselves for a while.

Lewis Tappan

#27. If some stock categories get too hot-and-pricey, mass supply is created via stock offerings to tap that cheap money - and, when overdone, drives it all down.

Kenneth Fisher

#28. Had Volcker never pushed through his radical change in policy, the world would be many bond traders and one memoir the poorer.

Michael Lewis

#29. A lot of people think that, as actors, we have an endless supply of money, and you don't. It comes in waves, and then you're riding a certain amount of money for awhile. When you're at that point where you're like, "Do I feed myself or do I do music?," it's a juggling act.

Tinsel Korey

#30. The market insures that any quantity of money is capable of performing all the work required of a medium of exchange by adjusting its purchasing power to the underlying conditions of supply and demand.

Joseph Salerno

#31. Well, here's the trick about money. The understanding that it is available in unlimited supply and readily replaceable changes everything.

Dan S. Kennedy

#32. All those commodities are going to have to rise in value as we are in short supply and we are printing too much money.

Peter Schiff

#33. Oh, that's great. That way, when things have quieted down, and we come up for air, or money, or re-supply, we'll get a nice explosive package from him that says "so nice to see you again" in a way that only multi-megaton yields can.

Howard Tayler

#34. It is easier to have faith that God will support each House of Hospitality and Farming Commune and supply our needs in the way of food and money to pay bills, than it is to keep a strong, hearty, living faith in each individual around us - to see Christ in him.

Dorothy Day

#35. He returned the money with a graceful letter saying that he had found a means of livelihood which would supply him with all his needs. At the moment he had three francs in the world.

Victor Hugo

#36. There is no need for government to intervene in money and prices because of changing population or for any other reason. The 'problem' of the proper supply of money is not a problem at all.

Murray Rothbard

#37. They still have some money, and they have needs to supply. They must begin immediately to pool their earnings and organize industries to participate in supplying social and economic demands.

Carter G. Woodson

#38. These days, checks are direct-deposited, money comes out of a machine in the wall, and we swipe a plastic card to make a purchase. In other words, your kids can grow up thinking money comes in an endless supply if you don't show them otherwise.

Jean Chatzky

#39. If you want to maintain a sustainable supply of fish you have to farm the fish, rather than mine them. So putting your money into fishing fleets that are going to exacerbate the problem by over-fishing is not the way to preserve the underlying asset.

Maurice Strong

#40. 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

#41. Once the idea is accepted that money is something whose supply is determined simply by the printing press, it becomes impossible for the politicians in power to resist the constant demands for further inflation.

Henry Hazlitt

#42. An increase in the supply of paper money, and hence a decrease in the purchasing power of the currencies in which most bonds were denominated. A rational investor who anticipated a major war would sell bonds in anticipation of these effects.

Niall Ferguson

#43. What was needed was a policy that increased the supply of money available for use and then ensured its use. Then the state of trade would have to improve.

John Kenneth Galbraith

#44. Acting is wonderful, but it's not pulling in the type of money that I want. It's not bringing in the type of money that I am used to or the type of money that is going to supply my lifestyle. I'm a leisure girl; I like to be over in Italy or in Europe, you know shopping or vacationing, you know.

LisaRaye McCoy-Misick

#45. I'm a wealthy man now. I've got a flat, a car, I have enough money to buy food. I skate to make the people happy. If somebody skates to earn money, I don't care. I skate for the people. Besides, it's pleasant to supply Russia with gold medals.

Evgeni Plushenko

#46. Currency peg can mean higher volatility in short-term interest rates, as the central bank seeks to keep the price of its money steady in terms of the peg. It can mean deflation, if the supply of the peg is constrained (as the supply of gold was relative to the demand for it in the 1870s and 1880s).

Niall Ferguson

#47. Who controls the food supply controls the people; who controls the energy can control whole continents; who controls money can control the world.

Henry A. Kissinger

#48. Is it any more moral to dilute the value of the purchasing power of the money you hold in your wallet than it is for the farmer to dilute the milk supply with water?

Ron Paul