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Quotes about Stealing

It will be asked how will the two masses of Continental and of State money have cost the people of the United States seventy-two millions of dollars, when they are to be redeemed now with about six million? I answer that the difference, being sixty-six millions, has been lost on the paper bills separately by the successive holders of them. Every one, through whose hands a bill passed, lost on that bill what it lost in value during the time it was in his hands. This was a real tax on him; and in this way the people of the United States actually contributed those sixty-six millions of dollars during the war, and by a mode of taxation the most oppressive of all because the most unequal of all.

Thomas Jefferson : American statesman (3rd US President: 1801-09), wrote Declaration of Independence
Thomas Jefferson (1743 - 1826)
Source: Observations on the Article Etats-Unis Prepared for the Encyclopedia, June 22, 1786, Vol. IV, p. 165
Contributed by: peter. More quotes added by peter from all sources
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But the U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost. By increasing the number of U.S. dollars in circulation, or even by credibly threatening to do so, the U.S. government can also reduce the value of a dollar in terms of goods and services, which is equivalent to raising the prices in dollars of those goods and services. We conclude that, under a paper-money system, a determined government can always generate higher spending and hence positive inflation.

Ben Bernanke
Source: http://www.federalreserve.gov/boardDocs/speeches/2002/20021121/default.htm
Contributed by: peter. More quotes added by peter from all sources
More quotes about: inflation, fed, control, stealing, robbery
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"Never buy a Rolex watch from someone who is out of breath."

unknown : Gaia Explorer
unknown
 
Contributed by: Eileen. More quotes added by everybodylovesnewt from all sources
More quotes about: rolex, stealing
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