“[G]overnments are not producers, they have no commodities on their road to the market, and can have no claim whatever to issue paper-money. Even exchequer bills are wrong,…”

Source: Popular Political Economy: Four lectures delivered at the London Mechanics Institution (1827), p. 212

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Thomas Hodgskin 21
British writer 1787–1869

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“In the Colonies we issue our own money. It is called Colonial Scrip. We issue it in proper proportion to the demands of trade and industry to make the products pass easily from the producers to the consumers. In this manner, creating for ourselves our own paper money, we control its purchasing power, and we have no interest to pay no one.”

Benjamin Franklin (1706–1790) American author, printer, political theorist, politician, postmaster, scientist, inventor, civic activist, …

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“I have noticed that even people who claim everything is predetermined and that we can do nothing to change it, look before they cross the road.”

Source: Black Holes and Baby Universes and Other Essays (1993), pp. 133–135.
Context: The ultimate objective test of free will would seem to be: Can one predict the behavior of the organism? If one can, then it clearly doesn't have free will but is predetermined. On the other hand, if one cannot predict the behavior, one could take that as an operational definition that the organism has free will … The real reason why we cannot predict human behavior is that it is just too difficult. We already know the basic physical laws that govern the activity of the brain, and they are comparatively simple. But it is just too hard to solve the equations when there are more than a few particles involved … So although we know the fundamental equations that govern the brain, we are quite unable to use them to predict human behavior. This situation arises in science whenever we deal with the macroscopic system, because the number of particles is always too large for there to be any chance of solving the fundamental equations. What we do instead is use effective theories. These are approximations in which the very large number of particles are replaced by a few quantities. An example is fluid mechanics … I want to suggest that the concept of free will and moral responsibility for our actions are really an effective theory in the sense of fluid mechanics. It may be that everything we do is determined by some grand unified theory. If that theory has determined that we shall die by hanging, then we shall not drown. But you would have to be awfully sure that you were destined for the gallows to put to sea in a small boat during a storm. I have noticed that even people who claim everything is predetermined and that we can do nothing to change it, look before they cross the road. … One cannot base one's conduct on the idea that everything is determined, because one does not know what has been determined. Instead, one has to adopt the effective theory that one has free will and that one is responsible for one's actions. This theory is not very good at predicting human behavior, but we adopt it because there is no chance of solving the equations arising from the fundamental laws. There is also a Darwinian reason that we believe in free will: A society in which the individual feels responsible for his or her actions is more likely to work together and survive to spread its values.

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“When central banks print a lot of money to relieve a crisis, buy stocks, gold, and commodities because their value will rise and the value of paper money will fall.”

Ray Dalio (1949) American businessman

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“If our nation can issue a dollar bond, it can issue a dollar bill.”

Thomas Edison (1847–1931) American inventor and businessman

Commenting on Henry Ford's currency plan in ”Ford sees wealth in Muscle Shoals”, New York Times (6 December 1921), p. 6 http://select.nytimes.com/gst/abstract.html?res=F30E11F63B5A1B7A93C4A91789D95F458285F9.
Context: If our nation can issue a dollar bond, it can issue a dollar bill. The element that makes the bond good, makes the bill good, also. The difference between the bond and the bill is the bond lets money brokers collect twice the amount of the bond and an additional 20%, whereas the currency pays nobody but those who contribute directly in some useful way. … It is absurd to say our country can issue $30 million in bonds and not $30 million in currency. Both are promises to pay, but one promise fattens the usurers and the other helps the people.

“The right to have children should be a marketable commodity, bought and traded by individuals but absolutely limited by the state.”

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“I should like to make an observation to right honourable and honourable Gentlemen opposite. It is that I do not think they will help to produce the atmosphere in Europe which is so desirable by issuing papers that have been issued by the National Council of Labour, headed 'Hit Hitler.”

Stanley Baldwin (1867–1947) Former Prime Minister of the United Kingdom

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