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  1. John Adams

    All the perplexities, confusion and distress in America rise, not from defects in the Constitution or Confederation, not from want of honor or virtue, so much as from downright ignorance of the nature of coin, credit, and circulation.

    Written in a letter to Thomas Jefferson in 1787.
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  2. John Maynard Keynes

    By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.

    John Maynard Keynes, C.B., The Economic Consequences of the Peace (Macmillion and Company, London, 1920) p. 220, 221.
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  3. Robert Hemphill

    If all bank loans were paid, there would not be a dollar of coin or currency in circulation. Someone has to borrow every dollar we have in circulation. We are absolutely without a permanent money system.

    Irving Fisher, 100% Money (Adelphi, 1935) Foreward.
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  4. Louis T. McFadden

    Some people think the Federal Reserve banks are United States Government institutions. They are not Government institutions. They are private monopolies which prey upon the people of the United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; and rich and predatory money lenders.

    Jerry Robinson, Bankruptcy of Our Nation (New Leaf Publishing Group/New Leaf Press) p. 167.
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  5. Frederic Bastiat

    God has given to men all that is necessary for them to accomplish their destinies. He has provided a social form as well as a human form. And these social organs of persons are so constituted that they will develop themselves harmoniously in the clean air of liberty. Away, then, with quacks and organizers! Away with their rings, chains, hooks, and pincers! Away with their artificial systems! Away with the whims of governmental administrators, their socialized projects, their centralization, their tariffs, their government schools, their state religions, their free credit, their bank monopolies, their regulations, their restrictions, their equalization by taxation, and their pious moralizations! And now that the legislators and do-gooders have so futilely inflicted so many systems upon society, may they finally end where they should have begun: May they reject all systems, and try liberty; for liberty is an acknowledgment of faith in God and His works.

    Frederic Bastiat, The Law (Irvington-on-Hudson, New York, 1850) p. 59.
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  6. Edward Bernays

    The duty of the higher strata of society — the cultivated, the learned, the expert, the intellectual — is therefore clear. They must inject moral and spiritual motives into public opinion.

    Stuart Ewenm PR!: A Social History of Spin (Basic Books, 1998) p. 34, 35.
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  7. Edward Bernays

    If we understand the mechanism and motives of the group mind, the elite could control and regiment the masses according to our will without them knowing it…just as the motorist can regulate the speed of his car by manipulating the flow of gasoline.

    Edward L. Bernays, Propoganda (1928) p. 47, 48.
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  8. Noah Webster

    Good intentions will always be pleaded for every assumption of authority…There are men in all ages who mean to govern well, but they mean to govern. They promise to be good masters, but they mean to be masters.

    Jean Lipman-Bluman, The Allure of Toxic Leaders (Sourcebooks, Inc., 2006) p. 103.
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  9. Friedrich August von Hayek

    ‘Emergencies’ have always been the pretext on which the safeguards of individual liberty have been eroded.

    F.A. Hayek, Law, Legislation and Liberty, vol. 3 (The University of Chicago Press, Chicago, 1979) p. 124.
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  10. Friedrich August von Hayek

    A claim for equality of material position can be met only by a government with totalitarian powers.

    F.A. Hayek, A Free-Market Monetary System and The Pretense of Knowledge (Ludwig von Mises Institute, Alabama, 1974) p. 4.
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