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Quote by Tony Gubba

“The ageless Teddy Sheringham, 37 now.”

Quote by Tony Gubba

Author

Tony Gubba was an accomplished journalist known for his unique perspective and in-depth investigative reporting. Born on September 23, 1943, he passed away on March 11, 2013. Throughout his career, Gubba reported on major news events, revealing truths and having a profound impact on society. more

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“The market, if it can be kept honest and competitive, does provide very strong incentives for work effort and productive contributions. In their absence, society would thrash about for alternative incentives-some unreliable, like altruism; some perilous like collective loyalty; some intolerable, like coercion or oppression.”

“How right the working classes are in their "materialism." How right they are to realize that the belly comes before the soul, not in the scale of values but in point of time!”

Soul Wisdom Values Politics Realizing Class Economy Scales Liberalism Materialism Working Class Belly

Book:Facing Unpleasant Facts: Narrative Essays

Source: Facing Unpleasant Facts: Narrative Essays

“The people of America are a people of property; almost every man is a freeholder.”

People Men Wisdom America Politics Economy Property Every Man Liberalism

Author:Thomas Paine

“Bad as "independence" is, the main fault of the Federal Reserve System - an admirable system if conducted in the public interest - is that too much power and control rests in the hands of people whose private interests are directly affected by the Federal Reserves' actions.”

“The Open Market Committee, as presently established, is plainly not in the public interest. This committee must be operated by purely public servants, representatives of the people as a whole and not any single interest group. The Open Market Committee should be abolished, and its powers transferred to the Federal Reserve Board - the present public members of the committee, with reasonably short terms of office.”

“Also, the Federal Advisory Committee should be enlarged and reorganized. Members should be chosen for the broadest possible representation of the public interest, their main qualification: ability.”

Should Politics Interest Ability Economy Members Chosen Liberalism Representation Committees Qualifications Public Interest Advisory

Author:Wright Patman

“It may seem strange, but Congress has never developed a set of goals for guiding Federal Reserve policy. In founding the System, Congress spoke about the country's need for "an elastic currency." Since then, Congress has passed the Full Employment Act, declaring its general intention to promote "maximum employment, production, and purchasing power." But it has never directly counseled the Federal Reserve.”

“There have been times when the Federal Reserve has restricted the money supply and raised interest rates to gain an end, which had much better been left to another Government agency or the Congress to attain. The country could have had lower interest rates without sacrificing anything else.”

Has Beens Ends Country Government Politics Left Interest Economy Sacrifice Gains Raised Rate Congress Agency Liberalism Reserves Federal Reserve Interest Rate Government Agencies

Author:Wright Patman

“There are many reasons why the general public doesn't really understand our monetary system. In the first place, money is something that people tend to get emotional about. After all, money involves, and always has involved, something closely akin to faith-which probably explains why in many past societies the money system has been in the hands of a priesthood, the subject of magical rites, and the ceremonial services of the tribe's medicine man.”

“In a democracy the responsibility for the Government's economic policies, which so affect the economy, normally rests with the elected representative of the people: in our case, with the President and the Congress. If these two follow economic policies inimical to the general welfare, they are accountable to the people for their actions on election day. With Federal Reserve independence, however, a body of men exist who control one of the most powerful levers moving the economy and who are responsible to no one.”