“The full consequences of a default or even the serious prospect of default by the United States are impossible to predict and awesome to contemplate. Denigration of the full faith and credit of the United States would have substantial effects on the domestic financial markets and on the value of the dollar in exchange markets. The Nation can ill afford to allow such a result. The risks, the cost, the disruptions, and the incalculable damage lead me to but one conclusion: the Senate must pass this legislation before the Congress adjourns.” StatesValuesNationsUnitedResultsUnited StatesImpossibleRiskEffectsSeriousCostConsequenceDollarsFinancialCongressIllCreditConclusionDamageSenateContemplatingLegislationDefaultDisruptionLeading MeFinancial Markets Author:Ronald Reagan
“Money is not an invention of the state. It is not the product of a legislative act. Even the sanction of political authority is not necessary for its existence. Certain commodities came to be money quite naturally, as the result of economic relationships that were independent of the power of the state.” StatesGovernmentPoliticalCertainResultsMoneyExistencePowerEconomicProductsAuthorityEconomicsIndependentInventionCommodityLegislationSanctions Author:Carl Menger
“Nearly all legislation is the result of compromise.” ResultsCompromiseLegislation Author:Joseph Gurney Cannon
“The minimum wage law very cleverly is misnamed. The real minimum wage is zero. That is what many inexperienced and low skilled people receive as a result of legislation that makes it illegal to pay them what they are currently worth to an employer.” PeopleRealLawResultsPayLowsIllegalZeroMinimumLegislationEmployersMinimum WageVery Clever Book:Controversial Essays Source: Controversial Essays