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T Quotes

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All T Quotes

“The Fed is pushing a variety of workarounds that would inject trillions in new money into the economy while bypassing the banking system altogether. Time will tell whether or not this will succeed. Meanwhile, a serious danger lurks around the corner. Once the recession is over, the lending will start again. With fractional-reserve banking and limitless supplies of cash on hand, we will likely see the overall price trends reversed, from deflation to inflation to possible hyperinflation.”

HandsEconomyDangerSeriousSucceedCornersVarietyPushingFedsTrendsCashReservesBankingInflationLimitlessSuppliesRecessionsLendingAround The CornerBanking SystemDeflationTime Will TellHyperinflation
Author:Llewellyn Rockwell
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“The Fed needs to adopt new tools, on its own and perhaps in cooperation with the other parts of the US government, to improve the economy from the bottom up. This includes increasing facilities for debt forgiveness for under-water mortgages and excessive student loans; increased credit facilities for small businesses and cooperatives; helping to underwrite mechanisms for creating affordable housing in cities; and more restrictive enforcement of financial regulatory rules to help rein in excessive banker risk and pay.”

NeedsHelpingGovernmentWaterPayCitiesEconomyRiskStudentsCreatingToolsBottomFinancialCreditDebtFedsCooperationMechanismEnforcementSmall BusinessHousingLoanFacilityBankersMortgageAffordableReinsCooperativesStudent LoanAffordable Housing
Author:Gerald Epstein
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“The Fed should make a clear commitment to stable money to reduce the swings in interest rates and inflation. Instead, it champions and flaunts unstable money. This encourages momentum trading and the growth of derivatives. Meanwhile, layers of financial regulation make Washington bigger and more powerful but dont fix the underlying problems.”

ShouldProblemGrowthInterestPowerfulClearCommitmentBiggerRateFinancialChampionFedsStableSwingsRegulationLayersTradingInflationMomentumUnstableInterest RateDerivativesFinancial Regulation
Author:David Malpass
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“The Fed was largely responsible for converting what might have been a garden-variety recession, although perhaps a fairly severe one, into a major catastrophe. Instead of using its powers to offset the depression, it presided over a decline in the quantity of money by one-third from 1929 to 1933 ... Far from the depression being a failure of the free-enterprise system, it was a tragic failure of government.”

Has BeensGovernmentMightMajorsGardenThirdsResponsibleInvestingVarietyEnterpriseTragicFedsQuantityDeclineSevereCatastropheMight Have BeenRecessionsConvertingFree Enterprise
Author:Milton Friedman
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“The Federal Building's large Ceremonial Courtroom, reserved for show trials, is veneered in executive teak. Bench, counsel tables, jury boxes, entrances, and exits -- all are as formally arranged as an Elizabethan stage. Only the drama is shapeless, at least to those of us who have never seen a trial before. We see only random movements, sequences, comings and goings, no form or agenda apparent. To us the action is less like watching a play than watching an aquarium.”

PlayShowsActionFormStageMovementBuildingDramaTablesBoxesTrialsAgendasExecutivesSequenceJuryReservedExitBenchesEntrancesCourtroomAquariumsElizabethan
Author:Shana Alexander
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“The Federal Government government's policy of racial exclusion had roots earlier in the twentieth century. The Wilson administration took the initial steps. Terrified by the 917 Russian revolution, government officials came to believe that communism could be defeated in the United states by getting as many white Americans as possible to become homeowners-the idea being that those who owned property would be invested in the capitalist system. So in 1917 the federal Department of Labor promoted an 'Own-Your-Own-Home' campaign, handing out 'We Own Our Own Home' buttons to schoolchildren and distributing pamphlets saying that it was a 'patriotic duty' to cease renting and to build a single-family unit. the department printed more than two million posters to be hung in factories and other businesses and published newspaper advertisements throughout the country promoting single-family ownership-each one had an image of a white couple or family.”

CapitalismCommunismSegregationRacial InjusticeHome Ownership
Author:Richard Rothstein
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“The Federal Government has a responsibility to manage wisely those public lands and forests under its jurisdiction necessary in the interest of the public as a whole. ... In the utilization of these lands, the people are entitled to expect that their timber, minerals, streams and water supply, wildlife and recreational values should be safeguarded, improved and made available not only for this but for future generations.”

PeopleShouldMadeWholeGovernmentValuesInterestWaterResponsibilityGenerationsLandEnvironmentalAvailableForestsManageStreamsSustainabilityEntitledFederal GovernmentFuture GenerationWildlifeMineralsTimberJurisdictionUtilizationPublic Lands
Author:Dwight D. Eisenhower
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“The federal government has more power to recall a defective stuffed animal who's little glass eye may fall off than to recall contaminated ground beef that could sicken or even kill hundreds if not thousands of people. The meat-packing industry is so powerful that it's managed to prevent the government from having this basic power of recalling a defective product.”

PeopleIfsMayLittlesGovernmentEyeFallAnimalPowerfulProductsIndustryGlassesMeatRecallsFederal GovernmentBeefDefectivePackingStuffed Animal
Author:Eric Schlosser
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“The federal government is a machine designed to increase its control over the lives of average Americans. It is constantly probing here, pushing there, and generally increasing its control. Without a philosophically sound, constitutionally based political party opposing that process, it is going to continue to do so with impunity.”

GovernmentPoliticalProcessSoundPartyMachinesIncreaseAveragePushingFederal GovernmentPolitical PartiesOpposingImpunityProbing
Author:Ed Crane
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“The Federal Government is rendered weak to do wrong, and powerful to do right: for, as soon as it begins to go wrong, it naturally begins to be divided against itself, and the three great wheels of its machinery exhaust their momentum, or wear each other out, in their friction against each other; while, as soon as it begins to go right, all the parts work harmoniously, and exhaust their full strength on the object of their action.”

GovernmentActionThreePowerfulObjectsWeakWheelsDividedFederal GovernmentMachineryMomentumFriction
Author:William Batchelder Greene
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