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Monetary System Quotes

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Transparency concerning the Federal Reserve’s conduct of monetary policy is desirable because better public understanding enhances the effectiveness of policy. More important, however, is that transparent communications reflect the Federal Reserve’s commitment to accountability within our democratic system of government.  (Monetary System Quotes) 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  (Monetary System Quotes) 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  (Monetary System Quotes) 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  (Monetary System Quotes) It’s hard in a monetary system to trust people  (Monetary System Quotes) It strengthens the bonds between nations to have the same civil laws and the same monetary system  (Monetary System Quotes) 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  (Monetary System Quotes) What economic calculation requires is a monetary system whose functioning is not sabotaged by government interference  (Monetary System Quotes) 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  (Monetary System Quotes) 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?  (Monetary System Quotes) Freedom can run a monetary system as superbly as it runs the rest of the economy. Contrary to many writers, there is nothing special about money that requires extensive governmental dictation  (Monetary System Quotes) 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  (Monetary System Quotes) 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  (Monetary System Quotes) 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  (Monetary System Quotes) 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  (Monetary System Quotes) It is regrettable that people think about our monetary system, and of our economic structure, only in times of depression  (Monetary System Quotes) 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  (Monetary System Quotes)