31 January 2011

Free Market: The Concise Encyclopedia of Economics | Library of Economics and Liberty

Free Market: The Concise Encyclopedia of Economics | Library of Economics and Liberty

Economic Dangers

Debt
Borrowing, loans
Credit... all the same thing really
Usury
Money with no standard (gold or any other precious metal)
consumers and workers with no power
large companies with too much power
companies with their hands in too many pies
Government bought off by the wealthy



The idea of scarcity
The idea of need
Taking away a sense of self reliance

22 January 2011

Deep Thoughts

Since I entered politics, I have chiefly had men's views confided to me privately. Some of the biggest men in the United States, in the Field of commerce and manufacture, are afraid of something. They know that there is a power somewhere -- so organized, so subtle, so watchful, so interlocked, so complete, so pervasive -- that they better not speak above their breath when they speak in condemnation of it.

woodrow wilson

21 January 2011

Deep Thoughts

"Whomsoever controls the volume of money in any country is absolute master of all industry and commerce and when you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate."
— James Garfield

Fractional Reserve Banking

Look it up

Deep Thoughts

"I wish it were possible to obtain a single amendment to our Constitution....I mean an additional article, taking from the federal government their power of borrowing." - 1789 letter to John Taylor from Thomas Jefferson

Deep Thoughts

Thomas Jefferson quotes:  
I consider the foundation of the Constitution as laid on this ground that 'all powers not delegated to the United States by the Constitution, nor prohibited by it to the states, are preserved to the states or to the people.' ... To take a single step beyond the boundaries thus specially drawn around the powers of Congress is to take possession of a boundless field of power, no longer susceptible of any definition. The incorporation of a bank, and the powers assumed by this bill (chartering the first Bank of the United States), have not, been delegated to the United States by the Constitution.

Letter

Deep Thoughts

Thomas Jefferson quotes:  
The system of banking [is] a blot left in all our Constitutions, which, if not covered, will end in their destruction... I sincerely believe that banking institutions are more dangerous than standing armies; and that the principle of spending money to be paid by posterity... is but swindling futurity on a large scale.

Deep Thoughts

Gouverneur Morris quotes:  
The rich will strive to establish their dominion and enslave the rest. They always did...they always will. They will have the same effect here as elsewhere, if we do not, by the power of government, keep them in their proper spheres.