When confidence goes, the end is very near. It always comes faster than anyone expects and it always seems to be unexpected.
- John Mauldin - Topics: Fiat Currency, Default, Debt.
By this means government may secretly and unobserved, confiscate the wealth of the people, and not one man in a million will detect the theft.
- John Maynard Keynes - Topics: Tax, Inflation, Government, Fiat Currency.
The balance sheet of the euro system, isn't only gigantic in size but also shocking in quality.
- Alexander Elder - Topics: Fiat Currency, Eurocrisis, Central Bank.
I do not think it is an exaggeration to say history is largely a history of inflation, usually inflations engineered by governments for the gain of governments.
- Friedrich A. Hayek - Topics: Fiat Currency, Government, Inflation, Monetary Policy.
Bad money drives out good. (When a government or central bank overvalues one type of money and undervalues another, the undervalued money will leave the country or disappear from circulation, while the overvalued money will flood into circulation)
- Thomas Gresham - Topics: Fiat Currency.
With the exception only of the period of the gold standard, practically all governments of history have used their exclusive power to issue money to defraud and plunder the people.
- Friedrich A. Hayek - Topics: Inflation, Government, Fiat Currency, Bitcoin, Monetary Policy.
Paper money eventually returns to its intrinsic value: zero.
- Voltaire - Topics: Fiat Currency, Cryptocurrency, Inflation.
It is well enough that the 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 - Topics: Central Bank, Banking System, Fiat Currency.
Experience, however, shows that neither a state nor a bank ever have had the unrestricted power of issuing paper money without abusing that power; in all states, therefore, the issue of paper money ought to be under some check and control; and none seems so proper for that purpose as that of subjecting the issuers of paper money to the obligation of paying their notes either in gold coin or bullion.
- David Ricardo - Topics: Inflation, Government, Fiat Currency, Cryptocurrency, Bitcoin.
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.
In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. Deficit spending is simply a scheme for the 'hidden' confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights.
- Alan Greenspan - Topics: Inflation, Gold, Fiat Currency.
Instagram: quotesonfinance Facebook: quotesonfinance X: QuotesOnFinance
