I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.
- Thomas Jefferson - Topics: Fiat Currency, Inflation.
They tell us that the government can spend and spend without taxing at all, that it can continue to pile up debt without ever paying it off, because "we owe it to ourselves". Such pleasant dreams in the past have always been shattered by national insolvency or a runaway inflation. All government expenditures must eventually be paid out of the proceeds of taxation and inflation itself is merely a form, and a particularly vicious form, of taxation.
- Henry Hazlitt - Topics: Government, Inflation, Tax.
Are you joking, having faith in the U.S. administration. I wonder who in the world would have a faith in the U.S. administration. For sure not someone who thinks.
- Marc Faber - Topics: Government.
The two enemies of the people are criminals and Government, so let us tie the second down with the chains of the constitution so the second will not become the legalized version of the first.
- Thomas Jefferson - Topics: Government.
It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
- Warren Buffett - Topics: Stock Market, Investing.
The State is the great fiction through which everyone endeavours to live at the expense of everyone else.
- Frédéric Bastiat - Topics: Government.
It pays to write down your plan. You need to know exactly under what conditions you will enter and exit a trade. Do not make decisions on the spur of the moment, when you are vulnerable to being sucked into the crowd. Plans are created by reasoning individuals. Impulsive trades are made by sweaty group members.
- Alexander Elder - Topics: Trader, Stock Market.
A government big enough to give you everything you want, is strong enough to take everything you have.
In economics the majority is always wrong.
- John Kenneth Galbraith - Topics: Economist.
The problem is not that people are taxed too little, the problem is that government spends too much.
- Ronald Reagan - Topics: Tax, Government.
Price is what you pay, value is what you get.
How can anyone in his right mind think that our economic sluggishness is due to insufficient deficits and a timid Fed? Plenty do. It is a case of denial of an obvious fact: the entire Keynesian/government approach to stimulus has been a catastrophic failure.
- Robert P. Murphy - Topics: Monetary Policy.
