Quotes About The Federal Reserve System

#1. If the federal government is an addict, then the Federal Reserve System is its enabler.

Thomas E. Woods Jr.

#2. There is a European Central Bank, of course, established and it has the structure similar to the Federal Reserve system, not precisely the same but similar.

Robert C. Solomon

#3. The Federal Reserve System is nothing more than legalized counterfeit.

Ron Paul

#4. I cannot morally blame all Americans for allowing, for instance, the birth of the Federal Reserve System and the money destruction that has followed. They are simply ignorant about it and don't know what happened or what is happening. They think that prices go up rather than that dollars go down.

Robert Prechter

#5. In the United States we have, in effect, two governments ... We have the duly constituted Government ... Then we have an independent, uncontrolled and uncoordinated government in the Federal Reserve System, operating the money powers which are reserved to Congress by the Constitution.

Wright Patman

#6. Bad as "independence" is, the main fault of the Federal Reserve System - an admirable system if conducted in the public interest - is that too much power and control rests in the hands of people whose private interests are directly affected by the Federal Reserves' actions.

Wright Patman

#7. The dollar represents a one dollar debt to the Federal Reserve System. The Federal Reserve Banks create money out of thin air to buy Government Bonds from the U.S. Treasury ... and has created out of nothing a ... debt which the American people are obliged to pay with interest.

Wright Patman

#8. The Federal Reserve System is not Federal; it has no reserves; and it is not a system at all, but rather, a criminal syndicate.

Eustace Mullins

#9. Most Americans have no real understanding of the operation of the international money lenders. The accounts of the Federal Reserve System have never been audited. It operates outside the control of Congress and manipulates the credit of the United States

Barry M. Goldwater

#10. There is no entity in the world that controls our lives more than the Federal Reserve System

Harry Reid

#11. 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

#12. Prices are going up. Unemployment continues to go up. And we have not had the necessary correction for the financial bubble created by our Federal Reserve system.

Ron Paul

#13. You can't fall back on the private sector and say, 'You take care of the nation's banking system.' That's a fundamental function of the government, the Federal Reserve, the Treasury and the FDIC, etc. All of those agencies have a major role to play there.

Dick Cheney

#14. Faith is the black person's federal reserve system.

Hattie McDaniel

#15. In 2005, attorneys general of 35 states urged the Federal Reserve to end the unsigned check system.

Charles Duhigg

#16. Spurn not the nobly born with love affected; nor treat with virtuous scorn the well connected.

W.S. Gilbert

#17. We faced a crisis caused by the Federal Reserve, the corporate tax system, Fannie Mae and Freddie Mac, and the Community Reinvestment Act. But the response of many people in Washington was to blame it on capitalism.

David Boaz

#18. I am sure that I have been much more useful to society as a medical physicist.

John Cameron

#19. Product managers figure out what features are likely to please customers; product designers then figure out how those features should look and feel.

Eric Ries

#20. Yesterday I was, tomorrow I will be, but only Here and Now I Am.

Human Angels

#21. Because financially capable consumers ultimately contribute to a stable economic and financial system as well as improve their own financial situations, it's clear that the Federal Reserve has a significant stake in financial education.

Ben Bernanke

#22. Industry, technology, and commerce can thrive only as long as an idealistic national community offers the necessary preconditions. And these do not lie in material egoism, but in a spirit of sacrifice and joyful renunciation.

Adolf Hitler

#23. Siblings are thrown together by chance. Anything from love to hate can follow.

Jonathan Kellerman

#24. The reason I am so negative about the Federal Reserve's policies is that they only target core inflation and argue that they can't identify bubbles, but when each bubble bursts, they flood the system with liquidity that brings about unintended consequences.

Marc Faber

#25. The financial system has been turned over to the Federal Reserve Board. That board administers the finance system by authority of a purely profiteering group. The system is private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people's money.

Charles A. Lindbergh