QUOTES OF THE DAY 8-17-11

“Were we to be directed from Washington when to sow and when to reap, we should soon want bread.”
Thomas Jefferson

“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.”
F.A. von Hayak

“The fate of the nation and the fate of the currency are one and the same.”
Dr. Franz Pick

“The history of paper money is an account of abuse, mismanagement, and financial disaster.”
Richard M. Ebeling

“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

“Whom the gods would destroy, they first subsidize.”
George Roche

“All of the government’s monetary, economic and political power, as well as its extensive propaganda machinery, will be enlisted in a constant battle to drive down the price of gold – but in the absence of any fundamental change in the nation’s monetary, fiscal, and economic direction, simply regard any major retreat in the price of gold as an unexpected buying opportunity.”
Irwin A. Schiff