“The Government should create, issue, and circulate all the currency and credit needed to satisfy the spending power of the Government and buying power of consumers. The privilege of creating and issuing money is not only the supreme prerogative of Government, but it is the Government’s greatest creative opportunity. By … Continue reading
Category Archives: Central Bank
James Maddison & the Central Bank
“History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance.”
Thomas Jefferson & the Central Bank
“I sincerely believe that banking institutions are more dangerous than standing armies. The issuing power should be taken from the banks and restored to the people to whom it properly belongs.” “We are now taught to believe that legerdemain tricks upon paper can produce as solid wealth as hard labor … Continue reading