Quotes About The Monetary System

#1. Take Milton Friedman, he sits at his desk pontificating about such bunk as the monetary system being the answer to our problems. The monetary system is a legal contrivance. Property, not money, is real wealth. It's physical, not legal.

Louis O. Kelso

#2. Of course I've already taken a very modest position on the monetary system, I do take the position that we should just end the Fed.

Ron Paul

#3. People say that the monetary system produces incentive. This may be true in limited areas, but it also produces greed, embezzlement, corruption, pollution, jealousy, anger, crime, war, poverty, tremendous scarcity, and unnecessary human suffering. You have to look at the entire picture.

Jacque Fresco

#4. There is no legislation
I care not what it is
tariff, railroads, corporations, or of a general political character, that all equals in importance the putting of our banking and currency system on the sound basis proposed in the National Monetary Commission plan.

William Howard Taft

#5. The more I travel around the world, the more I see people want the same thing - to be happy. We wouldn't be in a monetary system if we didn't have to work, so if my music can contribute to happiness, then that's my main responsibility.

Jason Mraz

#6. The essence of the contemporary monetary system is creation of money, out of nothing, by private banks' often foolish lending.

Martin Wolf

#7. What economic calculation requires is a monetary system whose functioning is not sabotaged by government interference.

Ludwig Von Mises

#8. Few policies are more calculated to destroy the existing basis of a free society than the debauching of its currency. And few tasks, if any, are more important to the champion of freedom than creation of a sound monetary system.

Hans F. Sennholz

#9. War has generally had grave and fateful consequences for the American monetary and financial system. We have seen that the Revolutionary War occasioned a mass of depreciated fiat paper, worthless Continentals, a huge public debt, and the beginnings of central banking in the Bank of North America.

Murray Rothbard

#10. It's hard in a monetary system to trust people.

Jacque Fresco

#11. The first requisite of a sound monetary system is that it put the least possible power over the quantity or quality of money in the hands of the politicians.

Henry Hazlitt

#12. 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.

Henry Ford

#13. Right after the Civil War there was considerable talk about reviving Lincoln's brief experiment with the Constitutional monetary system. Had not the European money-trust intervened, it would have no doubt become an established institution.

W. Cleon Skousen

#14. 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.

Jacque Fresco

#15. I believe that the monetary stability is an absolutely critical element in the satisfactory operation of a system.

Milton Friedman

#16. Dollar bill: people spend their whole life seeking to earn it, but won't spend 10 minutes seeking to learn it.

Orrin Woodward

#17. 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?

Jacque Fresco

#18. Does a population have informed consent when that population is not taught the inner workings of its monetary system, and then is drawn, all unknowing, into economic adventures?

Frank Herbert

#19. It is regrettable that people think about our monetary system, and of our economic structure, only in times of depression.

Henry Ford

#20. Monetary inflation not only raises prices and destroys the value of the currency unit; it also acts as a giant system of expropriation.

Murray Rothbard

#21. One man's panic funds another's picnic.

Mokokoma Mokhonoana

#22. From the inception of our nation our American ancestors intended for the United States to operate under a precious-metals monetary system or, more specifically, under a monetary system in which people used gold and silver coins rather than paper money as the media of exchange.

Jacob G. Hornberger

#23. It strengthens the bonds between nations to have the same civil laws and the same monetary system.

Napoleon Bonaparte

#24. A gold standard is the ideal monetary system for those who create wealth through ingenuity, entrepreneurship, and hard work. Gold standards are disfavored by those who do not create wealth but instead seek to extract wealth from others through inflation, inside information, and market manipulation.

James Rickards