Adam Smith noted "there's no art which government sooner learns than that of draining money from the pockets of the people.
-----------------------------------------
Judge Learned Hand of the U.S. Court of Appeals in New York in a memorable tax case dissent, offered these timeless remarks: "There is nothing sinister in arranging one's affairs so as to keep taxes as low as possible... nobody owes any public duty to pay more than the law demands. Taxes are enforced extractions, not voluntary contributions." [IRS Com. v. Newman, 159 F2d 848, 851 (2nd Cir 1947)]
-----------------------------------------
"The first panacea for a mismanaged nation is inflation of
the currency; the second is war. Both bring a temporary
prosperity; both bring a permanent ruin. But both are the
refuge of political and economic opportunists." - Ernest Hemmingway
----------------------------------------
Paper money is a great aid to politicians. It makes it possible for them, said President Herbert Hoover, to confiscate "the savings of the people by manipulation of inflation and deflation."
"We have gold," Hoover added, "because we cannot trust
governments."
----------------------------------------
"The gold standard acted as a silent watchdog to
prevent unlimited public spending," said Howard Buffett,
Warren's dad, when he was a U.S. Congressman back in the
1940s. "I can find no evidence to support a hope that our
fiat paper money venture will fare better ultimately than
such experiments in other lands. Because of our economic
strength the paper money disease here may take many years
to run its course...But we can be approaching the critical
stage. When that day arrives, our political rulers will
probably find that foreign war and ruthless regimentation
is the cunning alternative to domestic strife."
----------------------------------------
"If you give me a trillion dollars, I can show you a good time, too," - Warren Buffett.
----------------------------------------
Or, how about this?
For the Great Seal of the United States the new Congress went all the way back to the Roman poet Virgil: Novus Ordo Seclorum" – "a new age now begins." |
