Saturday, December 13, 2008

Famous Quotes on Economics and Banking. Many Lead us to Believe that Modern Banking is Totally Unsustainable!

Ludwig von Mises: "Minimum wage rates, whether decreed and enforced by the government or by labor union pressure and violence, result in mass unemployment." -

Ludwig von Mises: 'The issue is always the same: the government or the market. There is no third solution.” From Planned Chaos p. 28 Capitalism vs. Socialism

Ludwig von Mises: “Capitalism and socialism are two distinct patterns of social organization. Private control of the means of production and public control are contradictory notions and not merely contrary notions. There is no such thing as a mixed economy, a system that would stand midway between capitalism and socialism.” From The Anti-Capitalistic Mentality pp. 64-65 Capitalism vs. Socialism

John Adams: "Banks have done more injury to the religion, morality, tranquility, prosperity, and even wealth of the nation than they can have done or ever will do good."

Boston Federal Reserve Bank: "When you or I write a check there must be sufficient funds in our account to cover that check, but when the Federal Reserve writes a check, it is creating money."