A Quote by G. Edward Griffin

It is the ability of governments to acquire money without direct taxation that makes modern warfare possible, and a central bank has become the preferred method of accomplishing that.

G. Edward Griffin

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Ability Acquire Bank Become Central Central Bank Direct Governments Makes Method Modern Modern War Modern Warfare Money Possible Preferred Taxation Warfare Without

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G. Edward Griffin
American - Author
Born: November 7, 1931

In a mature economy like India's, which is becoming modern and a financially-oriented economy, an independent central bank, responsible central bank, is really central to success.

Ben Bernanke

A system of capitalism presumes sound money, not fiat money manipulated by a central bank. Capitalism cherishes voluntary contracts and interest rates that are determined by savings, not credit creation by a central bank.

Ron Paul

So: if the chronic inflation undergone by Americans, and in almost every other country, is caused by the continuing creation of new money, and if in each country its governmental "Central Bank" (in the United States, the Federal Reserve) is the sole monopoly source and creator of all money, who then is responsible for the blight of inflation? Who except the very institution that is solely empowered to create money, that is, the Fed (and the Bank of England, and the Bank of Italy, and other central banks) itself?

Murray Rothbard

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.

Lawrence Reed

I did Call of Duty Modern Warfare as Gaz, then I did Ghost in Modern Warfare 2, which has become one of the most iconic figures in the history of computer games.

Craig Fairbrass

I did 'Call of Duty Modern Warfare' as Gaz, then I did Ghost in 'Modern Warfare 2,' which has become one of the most iconic figures in the history of computer games.

Craig Fairbrass

The lesson for Asia is; if you have a central bank, have a floating exchange rate; if you want to have a fixed exchange rate, abolish your central bank and adopt a currency board instead. Either extreme; a fixed exchange rate through a currency board, but no central bank, or a central bank plus truly floating exchange rates; either of those is a tenable arrangement. But a pegged exchange rate with a central bank is a recipe for trouble.

Milton Friedman

And as a matter of fact, governments don't act, governments only react. The bankers make the decisions, and then governments decide how are we going to adjust to this. Government can't do anything unless the bank gives them the money to do it.

Robert Anton Wilson

Contrary to what most people think, bank money is much more important than state money. In Greece, for example, bank money makes up 84.26% of the total money supply.

Steve Hanke

A government cannot be expected to allow independence to its central bank unless that bank is also accountable to it and to the wider public. That is, the central bank must be able to be judged on whether or not it has achieved its agreed objective.

Ian Macfarlane

I have always thought and I still think that the Central Bank should act independently. Indeed, it does, you can take my word. I do not interfere in the decisions of the Central Bank and I do not give instructions to the Bank management or to its head.

Vladimir Putin

There are some modern practitioners, who declaim against medical theory in general, not considering that to think is to theorize; and that no one can direct a method of cure to a person labouring under disease, without thinking, that is, without theorizing; and happy therefore is the patient, whose physician possesses the best theory.

Erasmus Darwin

Governments, whether right or left, have become commissioners-in-chief, nudging and cajoling networks into preferred business models without the slightest sensitivity or awareness of what the public wants or the TV industry is capable of.

Armando Iannucci

Welcome to the age of paper money, where governments and central banks can manufacture as much money as they want without limit. Gold was the last limit. Its banishment as a standard unleashed the inflation monster and leviathan itself, which has swelled beyond comprehension.

Llewellyn Rockwell

The Central Bank should take into account other things as well: the stability of the bank system in the country, the increase or decrease of money supply in the economy, its influence on inflation.

Vladimir Putin

Anarchy is a word that comes from the Greek, and signifies, strictly speaking, "without government": the state of a people without any constituted authority. Before such an organization had begun to be considered possible and desirable by a whole class of thinkers, so as to be taken as the aim of a movement (which has now become one of the most important factors in modern social warfare), the word "anarchy" was used universally in the sense of disorder and confusion, and it is still adopted in that sense by the ignorant and by adversaries interested in distorting the truth.

Errico Malatesta

A Quote by G. Edward Griffin

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