A Quote by Anne-Robert-Jacques Turgot, Baron de Laune
Gold and silver are constituted, by the nature of things, money, and universal money, independent of all convention, and of all laws.
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There have been unions based on gold or silver, but not on fiat money - money tempted to inflate - put out by politically independent entities.
Although gold and silver are not by nature money, money is by nature gold and silver.
Under the gold standard gold is money and money is gold. It is immaterial whether or not the laws assign legal tender quality only to gold coins minted by the government.
Monetary reform, if it is to be genuine and successful, must sever money and banking from politics. That's why a modern gold standard must have: no central bank; no fixed rations between gold and silver; no bail-outs; no suspension of gold payments or other bank frauds; no monetization of debt; and no inflation of the money supply, all of which have proved so disastrous in the past.
To walk in money through the night crowd, protected by money, lulled by money, dulled by money, the crowd itself a money, the breath money, no least single object anywhere that is not money. Money, money everywhere and still not enough! And then no money, or a little money, or less money, or more money but money always money. and if you have money, or you don't have money, it is the money that counts, and money makes money, but what makes money make money?
If the world is an aggregate of relatively independent regions, then any assumption of universal laws is false and a demand for universal norms tyrannical: only brute force (or seductive deception) can then bend the different moralities so that they fit the prescriptions of a single ethical system. And indeed, the idea of universal laws of nature and society arose in connection with a life-and-death battle: the battle that gave Zeus the power over the Titans and all other gods and thus turned his laws into the laws of the universe.
Paper money is like dram-drinking, it relieves for a moment by deceitful sensation, but gradually diminishes the natural heat, and leaves the body worse than it found it. Were not this the case, and could money be made of paper at pleasure, every sovereign in Europe would be as rich as he pleased. But the truth is, that it is a bubble and the attempt vanity. Nature has provided the proper materials for money: gold and silver, and any attempt of ours to rival her is ridiculous.
For more than two thousand years gold's natural qualities made it man's universal medium of exchange. In contrast to political money, gold is honest money that survived the ages and will live on long after the political fiats of today have gone the way of all paper.
If you are worshipping false gods-such as football, baseball, gold, tennis, or money or technology or automobiles or houses or gold or silver-and you can tell what a man worships by what he does on Sunday-repent and start worshipping the true and living God, the maker of heaven and earth and all things that in them are.
And of course most non-Catholics imagine that the Church is immensely rich, and that all Catholic institutions make money hand over fist, and that all the money is stored away somewhere to buy gold and silver dishes for the Pope and cigars for the College of Cardinals.
It would be too ridiculous to go about seriously to prove that wealth does not consist in money, or in gold and silver; but in what money purchases, and is valuable only for purchasing. Money no doubt, makes always a part of the national capital; but it has already been shown that it generally makes but a small part, and always the most unprofitable part of it.
It is not wise for us to permit a few people on the Federal Reserve Board to have life and death power over our economy. My recommendation for reducing some of that power is to repeal legal tender laws and eliminate all taxes on gold, silver and platinum transactions. That way there would be money substitutes and the government money monopoly would be reduced and hence the ability to tax - some people would say steal from - us through inflation.
Labour was the first price, the original purchase - money that was paid for all things. It was not by gold or by silver, but by labour, that all wealth of the world was originally purchased.
Civilized countries generally adopt gold or silver or both as money.
Nothing comes to pass in nature, which can be set down to a flaw therein; for nature is always the same, and everywhere one and the same in her efficacy and power of action: that is, nature's laws and ordinances, whereby all things come to pass and change from one form to another, are everywhere and always the same; so that there should be one and the same method of understanding the nature of all things whatsoever, namely, through nature's universal laws and rules.
For why, my brothers and sisters, would you rejoice in silver? Either your silver will perish, or you will, and no one knows which will perish first. For neither can you remain here always, nor can silver remain here always; so also with gold, wardrobes, houses, money, real estate-and in the end, even the light by which we enjoy all these things. So do not be willing then to rejoice in such things as these. Rejoice instead in the light that has no setting; rejoice in the dawn which no yesterday precedes, and no tomorrow follows.
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