
§ 43
Reflections on the Formation and Distribution of Wealth (1766)
§ 43
Reflections on the Formation and Distribution of Wealth (1766)
Testimony to the Pujo Committee (1912)
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Source: (1776), Book IV, Chapter I, p. 470.
“To pay off the debt was to destroy the money supply.”
Source: Money: Whence It Came, Where It Went (1975), Chapter VIII, The Great Compromise, p. 90
Context: In numerous years following the war the Federal government ran a heavy surplus. It could not pay off it's debt, retire its securities, because to do so meant there would be no bonds to back the national bank notes. To pay off the debt was to destroy the money supply.
“Gold is money. Everything else is credit.”
Attributed
“Be your money's master, not its slave.”
Maxim 657
Sentences, The Moral Sayings of Publius Syrus, a Roman Slave
Quoted in The Nazi Party 1919-1945: A Complete History, Dietrich Orlow, New York: NY, Enigma Books, 2012, p 61. Goebbels’ article, “Nationalsozialisten aus Berlin und aus dem Reich”, Voelkischer Beobachter, February 4, 1927
1920s