A Quote by Richard Ebeling

The history of paper money is an account of abuse, mismanagement, and financial disaster. — © Richard Ebeling
The history of paper money is an account of abuse, mismanagement, and financial disaster.
The Death of Money is an engrossing account of the massive stresses accumulating in the global financial system, especially since the 2008 financial crisis. Jim Rickards is a natural teacher. Any serious student of financial crises and their root causes needs to read this book.
In this financial year we will be spending at least $1.5 billion on foreign aid and we cannot be sure that this money will be properly spent, as corruption and mismanagement in many of the recipient countries are legend.
A nation is not in danger of financial disaster merely because it owes itself money.
The subprime disaster was a result of financial bombs - derivatives - exploding in financial institutions such as AIG and Lehman Brothers, as well as banks and financial institutions throughout the world.
Everywhere you look in Washington, you can find examples of financial mismanagement.
If the American government can't stand behind the dollar, the world's benchmark currency, then the global financial system will very likely enter a new era in which there is much less trade and much less economic growth. It would be, by most accounts, the largest self-imposed financial disaster in history.
History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and it's issuance.
The lion's share of the damage to the Irish economy was the fault of domestic, economic, and financial mismanagement.
God created paper for the purpose of drawing architecture on it. Everything else is, at least for me, an abuse of paper.
God created paper for the purpose of drawing architecture on it. Everything else is at least for me an abuse of paper.
There are a set of men who go about making purchases upon credit, and buying estates they have not wherewithal to pay for; and having done this, their next step is to fill the newspapers with paragraphs of the scarcity of money and the necessity of a paper emission, then to have a legal tender under the pretense of supporting its credit, and when out, to depreciate it as fast as they can, get a deal of it for a little price, and cheat their creditors; and this is the concise history of paper money schemes.
If you are 8 hours a day in a job you hate, you're not going to be a very good spouse; it can contribute to chemical dependency, financial mismanagement.
The single biggest difference between financial success and financial failure is how well you manage your money. It's simple: to master money, you must manage money.
Paper is a check drawn by legal looters upon an account which is not theirs: upon the virtue of the victims. Watch for the day when it bounces, marked: 'Account Overdrawn.'
For long, history was mainly political history, and historical narrative was confined to an account of the most important crises in political life, or to an account of wars and great generals.
Experience, however, shows that neither a state nor a bank ever have [sic] had the unrestricted power of issuing paper money without abusing that power; in all states, therefore, the issue of paper money ought to be under some check and control; and none seems so proper for that purpose as that of subjecting the issuers of paper money to the obligation of paying their notes either in gold coin or bullion.
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