Paper Money Quotes - Page 2

• A hundred welfare programs, spending more and more billions, lead to chronic budget deficits, which lead to increased paper-money issues, which lead to higher prices.

  Henry Hazlitt

  Welfare Programs, Issues, Paper

  Henry Hazlitt (1971). “Man Vs. the Welfare State”, p.184, Ludwig von Mises Institute

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• Right now, nobody legalized paper money. Where did that come from.

  Ron Paul

  Paper, Right Now

  Source: www.foxnews.com

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• Neither a state nor a bank ever have had unrestricted power of issuing paper money without abusing that power.

  David Ricardo

  Paper, Economics, States

  David Ricardo, John Ramsay McCulloch (1846). “The Works of David Ricardo, Esq., M.P.: With a Notice of the Life and Writings of the Author”, p.215, London, J. Murray

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• There's nothing of any importance in life — except how well you do your work. Nothing. Only that. Whatever else you are, will come from that. It's the only measure of human value.

  Ayn Rand

  Money, People, Trying

  "Atlas Shrugged".

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• Gold is not less but more rational than paper money. Money holds value so long as it is in limited supply; gold will always be in limited supply, and would require real resources to produce even from the sea; paper and printing ink are not in limited supply. The gold system is much closer to a modern automatic scientific control system than the crude and relatively unstable system of paper.

  William E. Rees

  Real, Sea, Long

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• New taxes are so unpopular that most 'social' handout schemes are originally enacted without enough increased taxation to pay for them. The result is chronic government deficits, paid for by the issuance of additional paper money.

  Henry Hazlitt

  Government, Taxation, Paper

  Henry Hazlitt (1996). “The Conquest of Poverty”

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• These international bankers and Rockefeller Standard Oil interests control the majority of newspapers and the columns of these papers to club into submission or drive out of public office officials who refuse to do the bidding of the powerful corrupt cliques which compose the invisible government.

  Theodore Roosevelt

  Powerful, Government, Oil

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• Paper money is made of cotton, and I'm long cotton, by the way. One reason I'm long cotton is because Dr. Bernanke is out there running the printing presses as fast as he can.

  Jim Rogers

  Running, Long, Drs

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• Start buying gold now, regardless of the price. By acting now, you will not have to react when it's too late. Too late will be when the majority of the public finally figures out what is happening to paper money and frantically tries to get aboard. Remember, if you're one of the ones holding paper in the end, you will have given away your products and services for nothing.

  Robert Ringer

  Acting, Gold, Trying

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• Gold is unique because it has the age-old aspect of being viewed as a store of value. Nevertheless, it’s still a commodity and has no tangible value, and so I would say that gold is a speculation. But because of my fear about the potential debasing of paper money and about paper money not being a store of value, I want some exposure to gold.

  Seth Klarman

  Unique, Age, Gold

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• Money is just a piece of paper. Money burns. You know what I mean? Money is nothing substantial to me. You know what I mean? It's the enemy of music.

  Christofer Drew

  Mean, Enemy, Pieces

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• The language of labels is like paper money, issued irresponsibly, with nothing of intrinsic value behind it, that is, with no effort of the intelligence to see, to really apprehend.

  Paula Fox

  Effort, Labels, Paper

  Paula Fox (2011). “News from the World: Stories and Essays”, p.150, W. W. Norton & Company

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• I do not think commodities are taken for granted. One of the convergences in time I noticed, and to me seemed very important, was the emergence of paper money. There had been permissionary notes, exchanging money by writing it, but there was no duplicated form of guaranteeing an exchange.

  Marina Warner

  Taken, Writing, Thinking

  Source: therumpus.net

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• In the long run, the gold price has to go up in relation to paper money. There is no other way. To what price, that depends on the scale of the inflation - and we know that inflation will continue.

  Nicholas Deak

  Running, Long, Gold

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• 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

  Media, People, Gold

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• More paper money cannot make a society richer, of course, – it is just more printed-paper. Otherwise, why is it that there are still poor countries and poor people around? But more money makes its monopolistic producer (the central bank) and its earliest recipients (the government and big, government-connected banks and their major clients) richer at the expense of making the money's late and latest receivers poorer.

  Hans-Hermann Hoppe

  Country, Government, People

  "Dr. Hans-Hermann Hoppe on the Impracticality of One-World Government and the Failure of Western-style Democracy". Interview with Anthony Wile, www.thedailybell.com. March 27, 2011.

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• Mere opinions, in fact, were as likely to govern people's actions as hard evidence, and were subject to sudden reversals as hard evidence could never be. So the Galapagos Islands could be hell in one moment and heaven in the next, and Julius Caesar could be a statesman in one moment and a butcher in the next, and Ecuadorian paper money could be traded for food, shelter, and clothing in one moment and line the bottom of a birdcage in the next, and the universe could be created by God Almighty in one moment and by a big explosion in the next--and on and on.

  Kurt Vonnegut

  Islands, People, Heaven

  Kurt Vonnegut (1999). “Galapagos: A Novel”, Dial Press

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• In our election manifesto is: we keep the right to create money and to bring in circulation, for the cause of the government ... Those who do not share this view, reply us to the issue of paper money is for the banks, the government should stay out of the banking business. I agree with Jefferson's opinion ... and just like him I say again: the issue of money is a matter for the government and the banks should stay out of government activity.

  William Jennings Bryan

  Government, Views, Issues

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• The lure in art collecting and its financial rewards, not counting for a moment its aesthetic, cultural and intellectual rewards, is like the trust in paper money: it makes no sense when you really think about it. New artistic images are so vulnerable to opinion that it wouldn't take much more than a whim for a small group of collectors to decide that a contemporary artist was not so wonderful anymore, was so last year.

  Steve Martin

  Art, Thinking, Years

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• I will tell you one other thing about money: when you don't have it, it sure as hell affects the quality of people's health, and their relationships. And paper money isn't even real today, right? It's all really ones and zeros in computers today. But at the same time, if you don't have it, it certainly affects the quality of your life.

  Tony Robbins

  Real, People, Quality

  "Interview with Tony Robbins on His New Book, ‘Money: Master the Game’". Interview With Marianne Schnall, www.huffingtonpost.com. November 20, 2014.

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• True, governments can reduce the rate of interest in the short run. They can issue additional paper money. They can open the way to credit expansion by the banks. They can thus create an artificial boom and the appearance of prosperity. But such a boom is bound to collapse soon or late and to bring about a depression.

  Ludwig von Mises

  Running, Government, Issues

  Ludwig Von Mises (1985). “Omnipotent Government: The Rise of the Total State and Total War”, Libertarian Press

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• There are a set of men who go about making purchases upon credit, and buying estates they have not wherewithal to pay for; and having done this, their next step is to fill the newspapers with paragraphs of the scarcity of money and the necessity of a paper emission, then to have a legal tender under the pretense of supporting its credit, and when out, to depreciate it as fast as they can, get a deal of it for a little price, and cheat their creditors; and this is the concise history of paper money schemes.

  Thomas Paine

  Men, Scarcity, Credit

  Thomas Paine (1830). “Brief sketch of the life of Thomas Paine. Common sense. Epistle to Quakers. The crisis. Public good. Letter to the Abbe Raynal. Dissertations on government, the affairs of the bank, and paper money. Miscellaneous”, p.405

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• Outsourcing is a reflection of a bad economic environment domestically. If you fix that, you fix outsourcing. Our primary export is paper money, and that should change if you change the monetary policy.

  Ron Paul

  Reflection, Paper, Environment

  "The Candidates: Rep. Ron Paul". Live chat, www.washingtonpost.com. October 12, 2007.

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• To me the gold price takes the form of a very uncomplicated formula, and all you have to do is divide one by 'n.' And 'n', I'm glad you ask, 'n' is the world's trust in the institution of paper money and in the capacity of people like Ben Bernanke to manage it. So the smaller 'n', the bigger the price. One divided by a receding number is the definition of a bull market.

  James Grant

  Numbers, People, Gold

  "Jim Grant: America Will Resolve Her Debt By Returning To The Gold Standard" by Gus Lubin, www.businessinsider.com. April 14, 2011.

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• It would convert the Treasury of the United States into a manufactory of paper money. It makes the House of Representatives and the Senate, or the caucus of the party which happens to be in the majority, the absolute dictator of the financial and business affairs of this country. This scheme surpasses all the centralism and all the Caesarism that were ever charged upon the Republican party in the wildest days of the war or in the events growing out of the war.

  James A. Garfield

  Country, War, Party

  "Financial Catechism and History of the Financial Legislation of the United States from 1862-1896". Book by S. M. Brice, Cuthbert Vincent, 1882.

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