Tuesday, June 14, 2011

Who said it, when and where?

Over the years I've accumulated a long list of quotes about money and banking extracted from online articles and books I've read.  Unlike most other sites that post pithy remarks from famous authors, I include hyperlinks to their sources, so that anyone who wishes can not only verify a quote but, perhaps more importantly, read the context in which it was used.  And unlike other sites, most of these quotes originated with today's financial writers and economists, writing from a perspective consistent with Austrian School principles -- people like Peter Schiff, Lew Rockwell, Steve Saville, Joseph Salerno, Gary North, Edwin Vieira, Judy Shelton, Frank Shostak, Ron Paul, and others, even Alan Greenspan.  What these writers have in common is their respect for a market-sponsored commodity money, traditionally gold and silver coins.

My purpose in publishing these hyperlinked quotes is to draw attention to the vast literature of criticism that has arisen over the money and banking system we are forced to live under.  The list is continually expanding as writers are continually writing.  I ask that you excuse the many omissions such a list necessarily entails and hope you will alert me to insightful quotes I have missed.

I personally find these words of wisdom intellectually stimulating.  Observations such as Ron Paul's "“Everything possible is done to prevent the fraud of the monetary system from being exposed to the masses who suffer from it" or Judy Shelton's "Inflation makes suckers out of savers" are not merely true, but critical to a full understanding of today's political institutions, especially when combined with Jorg Guido Hulsmann's contention that inflation is always an imposed increase in the money supply.  They help keep me focused and fired up.  I hope they will do the same for you.

Here's the list.

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