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Politics Quotes

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Politics Quotes

“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.”

“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.”

“If the Federal Reserve pursues a policy which Congress or the President believes not to be in the public interest, there is nothing Congress can do to reverse the policy. Nor is there anything the people can do. Such bastions of unaccountable power are undemocratic. The Federal Reserve System must be reformed, so that it is answerable to the elected representatives of the people.”

“Man cannot be exempted from his divinely-imposed obligations toward civil society, and the representatives of authority have the right to coerce him when he refuses without reason to do his duty. Society, on the other hand, cannot defraud man of his God-granted right... Nor can society systematically void these rights by making their use impossible.”

“Some representatives of monopolistic capitalism, sensing this evil in their system, have tried to silence criticism by pointing to the diffused ownership in the great corporations. They advertise, "No one owns more than 4 percent of the stock of this great company." Or they print lists of stockholders, showing that these include farmers, schoolteachers, baseball players, taxi drivers, and even babies.”

“The workmen in a factory may have a shadowy, unknown absentee "employer" - the thousands of individual owners of stock - whom "management" represents and tries to please by extra dividends. The workman's livelihood is at the disposition of strangers who make a single demand of their representatives: higher profits.”

“A politician weakly and amiably in the right is no match for a politician tenaciously and pugnaciously in the wrong. You cannot, by tying an opinion, to a man's tongue, make him the representative of that opinion; and at the close of any battle for principles, his name will be found neither among the dead nor among the wounded, but among the missing.”

“Big money tries to purchase its own agenda. Money does too much talking in Washington. Every senator, every representative, even the president awakens each morning with a number in his head that will drive the whole day. The number is the amount of money that must [be] raised that day for his reelection. If he fails, the next day's number will be even higher.”

“The most effective means for restoring the integrity of our electoral process, and repairing the public's tattered faith in its elected representatives, is through the full public financing of political campigns. It's the mother of all reforms: the one reform that makes all other reforms possible. After all, he who pays the piper calls the tune. If someone's going to own the politicians, it might as well be the American people.”

“The house of representatives ... can make no law, which will not have its full operation on themselves and their friends, as well as the great mass of society. This has always been deemed one of the strongest bonds by which human policy can connect the rulers and the people together. It creates between them that communion of interest, and sympathy of sentiments, of which few governments have furnished examples; but without which every government degenerates into tyranny.”

“The representative system of government is calculated to produce the wisest laws, by collecting wisdom where it can be found.”

“It is unnatural that a pure stream should flow from a foul fountain its vices are but a continuation of the vices of its origin. A man of moral honor and good political principles, cannot submit to the mean drudgery and disgraceful arts, by which such elections are carried. To be a successful candidate, he must be destitute of the qualities that constitute a just legislator: and being thus disciplined to corruption it is not to be expected that the representative should be better than the man.”

“I have accepted a seat in the House of Representatives, and thereby have consented to my own ruin, to your ruin, and to the ruin of our children. I give you this warning that you may prepare your mind for your fate.”