Monetary Quotes - Page 12

• Library of the Works of Ludwig von Mises”. Here is an article he wrote in 1951, some two years after his magnum opus Human Action appeared, where is lays out his case in a more popular form. The money sentences are “Economic theory has demonstrated in an irrefutable way that a prosperity created by an expansionist monetary and credit policy is illusory and must end in a slump, an economic crisis. It has happened again and again in the past, and it will happen in the future, too.

  Ludwig von Mises

  Past, Years, Two

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• Artists are just entrepreneurs. It's up to them to figure out how or if they can make a monetary profit from their passion − from their calling, as I discussed above. Sometimes they can. Musicians can sell music, even in the face of piracy. Or they can sell their services − concerts, etc. Painters and other artists can profit in similar ways. A novelist could use kickstarter for a sequel or get paid to consult on a movie version.

  Stephan Kinsella

  Passion, Artist, Entrepreneur

  "Stephan Kinsella on the Logic of Libertarianism and Why Intellectual Property Doesn't Exist". Interview with Anthony Wile, www.thedailybell.com. March 18, 2012.

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• With QE3, we are essentially being bought out with our own money...and unemployment is being used to facilitate this process in a very clever manner. Monetary inflation is currently being offset by labor deflation. The way you avoid collapse is by printing money and stealing assets. The way you avoid inflation is with labor deflation.

  Catherine Austin Fitts

  Clever, Printing Money, Unemployment

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

  Henry Ford

  Thinking, People, Economic

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• In the North, neither greenbacks, taxes, nor war bonds were enough to finance the war. So a national banking system was created to convert government bonds into fiat money, and the people lost over half of their monetary assets to the hidden tax of inflation. In the South, printing presses accomplished the same effect, and the monetary loss was total.

  G. Edward Griffin

  War, Loss, Government

  "The creature from Jekyll Island". Book by G. Edward Griffin, 1994.

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• A snarky but accurate description of monetary policy over the past five years is that the Federal Reserve successfully replaced the technology bubble with a housing bubble

  Paul Krugman

  Past, Technology, Years

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• In 1977, when I started my first job at the Federal Reserve Board as a staff economist in the Division of International Finance, it was an article of faith in central banking that secrecy about monetary policy decisions was the best policy: Central banks, as a rule, did not discuss these decisions, let alone their future policy intentions.

  Janet Yellen

  Jobs, Decision, Boards

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• I don't think that our problem, our jobs problem, is fundamentally a problem of trade. I think it has much more to do with the fact that we have not sufficiently educated our population. We have not got out of this great recession with adequate stimulus and adequate fiscal and monetary policies over all.

  Robert Reich

  Jobs, Thinking, Population

  Source: www.nbcnews.com

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• With me, growing up in a theater family and having them be so supportive, from the jump, and being a part of this theater community where the brass ring is working, wherever that is, and then to play a character where he's not really concerned with that and is really just concerned with the monetary aspect of the job, and then to be identified with someone who is the antithesis of your energy and where you come from, has been a very interesting and surreal ride.

  Jeremy Piven

  Jobs, Growing Up, Character

  Source: collider.com

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• Well, I think as long as people are talking about stimulus, I think the Fed will be thinking about cutting rates because monetary policy is the better way to go because you can turn it on and turn it off.

  Franklin Raines

  Cutting, Thinking, Talking

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• The sad thing is, our foreign policy WILL change eventually, as Rome's did, when all budgetary and monetary tricks to fund it are exhausted.

  Ron Paul

  Rome, Exhausted, Tricks

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• If the practice persists of covering government deficits with the issue of notes, then the day will come without fail, sooner or later, when the monetary systems of those nations pursuing this course will break down completely. The purchasing power of the monetary unit will decline more and more, until finally it disappears completely.

  Ludwig von Mises

  Government, Disappear Completely, Practice

  Ludwig Von Mises (1978). “On the Manipulation of Money and Credit”, Dobbs Ferry, N.Y. : Free Market Books

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• 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

  Hands, Liberty, Quality

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• The essence of community, its heart and soul, is the non-monetary exchange of value; things we do and share because we care for others, and for the good of the place.

  Dee Hock

  Heart, Essence, Community

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

  Ludwig von Mises

  Government, Economic, Monetary System

  Ludwig Von Mises (1963). “Human action: a treatise on economics”

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• 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

  Jealousy, War, Anger

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• If you make people uniform, you can control them. If you teach people to read, and think, and question things, you lose control. So, the best idea is to separate people if you wish to maintain a monetary system. It's called divide and conquer. By dividing people, they're not a threat, you can control them.

  Jacque Fresco

  Reading, Thinking, Ideas

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