“Government is doing the exact opposite of what really needs to be done. George Bush and Barack Obama have pumped trillions more in counterfeit currency and credit into an economy already deathly ill from such treatment. If it goes on, we stand to suffer hyperinflation (all inflation consists of, no matter what they told you in Economics 101, is government generation of phony money) followed by another, very possibly terminal depression. Before it's over, the country — if not the whole world — will be locked down under brutal military rule, and our species likely will never again know freedom, progress, or prosperity.”

"The Unnecessary Depression," http://www.ncc-1776.org/tle2009/tle504-20090201-02.html 1 February 2009.

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American writer 1946

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“Hyperinflation is not going to happen in this country, will never happen… The Fed putting so much money into the system is not going to create the risk of hyperinflation in the future. We have a strong independent Federal Reserve with a very strong mandate from the Congress, and they will do what's necessary to keep inflation low and stable over time.”

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Charles Foster Johnson (1953) American musician

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Rick Santorum (1958) American politician

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Rick Santorum: another slip of the tongue but was it the 'N-word'?
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“The sentence, 'stopping the printing presses,' is a figurative expression, because it is being done now by creating credit by the Federal Reserve System. But this is government action — all inflation is ultimately the result of activities which government determines and can control. And all inflations have been stopped in the past by the government stopping creating money, or preventing the central bank from creating more money. May I add just one thing? See, all inflations have been stopped by people who created or believed in a very naive form of the Quantity Theory, and acted on that. It may be wrong, but it is the only adequate theory effective to stop an inflation.”

Friedrich Hayek (1899–1992) Austrian and British economist and Nobel Prize for Economics laureate

1975 interview https://mises.org/library/hayek-meets-press-1975 on "Meet the Press." 1960s–1970s

“The 2000 election of George W. Bush as president gave Republicans what the Democrats have now, total control of the legislative and executive branches of government. When Bush came to office, federal spending was $1.788 trillion. When he left office, federal spending was $2.982 trillion.”

Walter E. Williams (1936) American economist, commentator, and academic

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“Not everyone understands this. But we (ROC government) have done what needed to be done, and we will keep doing so until the very end.”

Ma Ying-jeou (1950) Taiwanese politician, president of the Republic of China

Ma Ying-jeou (2013) cited in: " Time not right for political talks with China: Ma http://www.taipeitimes.com/News/front/archives/2013/10/26/2003575395" in Taipei Times, 26 October 2013. Statement made in commenting his record-low approval rating and saying that he has no desire to change the cross-strait relations policies, 25 October 2013. Other topics

“Whoever controls the volume of money in any country is absolute master of all industry and commerce…. And when you realize 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 A. Garfield (1831–1881) American politician, 20th President of the United States (in office in 1881)

The first sentence, attributed to Garfield since the 1890s http://books.google.com/books?id=-RoPAAAAYAAJ&pg=PA156&dq=%22Whoever+controls+the+volume+of+money%22, is almost certainly a paraphrase of Garfield's "absolute dictator" quote, above. The second part is a late 20th-century commentary misattributed to Garfield. Misattributed

“A sovereign government's budget is not like the budget of a household or firm. Governments issue the currency, whereas households and firms use the currency. As the chartalist, or modern money approach, explains, modern governments actually spend by crediting bank accounts. It really just amounts to a keystroke, pushing a key on a computer that generates an entry on someone’s balance sheet. Government can never run out of these keystrokes.”

L. Randall Wray (1953) American economist

L. Randall Wray (2015), Why Minsky Matters: An Introduction to the Work of a Maverick Economist. p. 66

“In general, the art of government consists in taking as much money as possible from one party of the citizens to give to the other.”

Voltaire (1694–1778) French writer, historian, and philosopher

En général, l’art du gouvernement consiste à prendre le plus d’argent qu’on peut à une grande partie des citoyens, pour le donner à une autre partie.
"Money" (1770)
Citas, Questions sur l'Encyclopédie (1770–1774)

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