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
“It is ironic that the accumulation of arms is one of the few expanding industries in a period of economic depression and gloom.”
UN Secretary-General, as quoted in Watching the World, Awake! magazine (22 October 1982).
Help us to complete the source, original and additional information
Javier Pérez de Cuéllar 2
5th Secretary-General of the United Nations 1920Related quotes
Speech to the Labour Party Conference in Brighton (12 December 1964), quoted in The Times (14 December 1964), p. 14
Prime Minister
“An infant industry, if coddled, tends to remain an infant industry and never grows up or expands.”
March 30, 1962, page 131.
Official Report of Proceedings of the Hong Kong Legislative Council
“Wealth can only be accumulated by the earnings of industry and the savings of frugality.”
First annual message to Congress (1 June 1841).
“The accumulation of nuclear arms has to be constrained if mankind is not to destroy itself.”
Press conference held on 13 February, 1974
The Crisis of Capitalist Democracy (2010) Ch. 10 The Crisis of Macroeconomics.
1920s, Whose Country Is This? (1921)
Inflation vs. Unemployment, An Address by the Honourable Paul T. Hellyer, Curran Hall Limited, Toronto, February 20th, 1958