Hello. I am Deepak Kundu, an avid book reader and quotes collector. Here is a list of 10 quotes about Federal Reserve that I liked and saved from various books. I hope you enjoy reading them.
Federal Reserve Quotes
The Federal Reserve System must be challenged. Ultimately, it needs to be eliminated. The government cannot and should not be trusted with a monopoly on money. No single institution in society should have power this immense. In fact, I believe that freedom itself is at stake in this struggle.
from End the Fed book by Ron Paul
Ending the Fed would be the single greatest step we could take to restoring American prosperity and freedom and guaranteeing that they both have a future.
from End the Fed book by Ron Paul
It’s my own view that ending the Fed would address the most vexing problems of politics of our time. It would bring an end to dollar depreciation. It would take away from the government the means to fund its endless wars. It would curb the government’s attacks on the civil liberties of Americans, stop its vast debt accumulation that will be paid by future generations, and arrest its massive expansions of the welfare state that has turned us into a nation of dependents.
from End the Fed book by Ron Paul
Some people claim that the Fed is nothing but a private corporation that is working to enrich itself at our expense. Other people claim that it is a government operation that works to provide funds for the government when it can no longer get away with taxing us. Neither opinion is precisely correct. Actually, the Fed is a public-private partnership, a coalition of large banks that are the owners working with the blessing of the government, which appoints its managers. In some way, it is the worst of both the corporate and the government worlds, with each side providing a contribution to an institution that has been horribly detrimental to American prosperity.
from End the Fed book by Ron Paul
We all pretend that the Fed is not a political operation, and yet everyone knows that it is among the most political institutions in the entire government.
from End the Fed book by Ron Paul
The Federal Reserve should be abolished because it is immoral, unconstitutional, impractical, promotes bad economics, and undermines liberty.
from End the Fed book by Ron Paul
Nothing good can come from the Federal Reserve. It is the biggest taxer of them all. Diluting the value of the dollar by increasing its supply is a vicious, sinister tax on the poor and middle class.
from End the Fed book by Ron Paul
The only unique power that the Fed possesses is the power to inspire and support the creation of new money out of nothing. Who needs that? Banks like it. Government likes it. High-flying financiers like it. But the people do not benefit—just the reverse.
from End the Fed book by Ron Paul
If the Fed were to ask, “How’m I doin’?” the answer would be that since its formation in 1913 it has failed to maintain price stability, failed as a lender of last resort, failed to maintain full employment, failed as a bank regulator and failed to preserve the integrity of its balance sheet. The Fed’s one notable success has been that, under its custody, the Treasury’s gold hoard has increased in value from about $11 billion at the time of the Nixon Shock in 1971 to over $400 billion today. Of course, this increase in the value of gold is just the flip side of the Fed’s demolition of the dollar. On the whole, it is difficult to think of another government agency that has failed more consistently on more of its key missions than the Fed.
from Currency Wars book by James Rickards
The purpose of creating the Federal Reserve System was to provide a lender of last resort during liquidity-shortage crises—in other words, during economic emergencies. The Fed has done that, but it has also overstepped its original boundaries by venturing into currency manipulations, and is therefore more often part of the problem rather than the solution.
Addison Wiggin, from Gold: The Once and Future Money book by Nathan Lewis