Quotessence
Home / Quotes / Quote by James Cook

Quote by James Cook

Author

James Cook
James Cook

James Cook, a renowned British explorer, was born on November 7, 1728, and died on February 14, 1779. He is best known for his three voyages of exploration, which greatly contributed to the knowledge of the Earth's geography, including the discovery of the east coast of Australia and detailed mapping of the Pacific Ocean. more

You May Also Like

“Any money the government spends must be taxed, borrowed or conjured out of thin air by the Federal Reserve, and that will reduce sound private investment. Obama has no real wealth to inject into the economy. He can only move around existing money while inflation robs us of purchasing power. Meanwhile, private investors who might have produced a better engine, battery, computer, cancer treatment or other wealth-creating and life-enhancing innovations hold back for fear that big government will undermine productive efforts.”

“It is not wise for us to permit a few people on the Federal Reserve Board to have life and death power over our economy. My recommendation for reducing some of that power is to repeal legal tender laws and eliminate all taxes on gold, silver and platinum transactions. That way there would be money substitutes and the government money monopoly would be reduced and hence the ability to tax - some people would say steal from - us through inflation.”