Category: Quote of the Day

"Paper money has had the effect in your state that it will ever have, to ruin commerce, oppress the honest, and open the door to every species of fraud and injustice." – President George Washington

“Income tax returns are the most imaginative fiction being written today.” – Herman Wouk. (He will be turning 97 on May 27, 2012.)

“At the beginning of the dynasty, taxation yields a large revenue from small assessments. At the end of the dynasty, taxation yields a small revenue from large assessments.” – Ibn Khaldun, Maghreb historian (1332-1406)

"…a national revenue must be obtained; but the system must be such a one, that, while it secures the object of revenue it shall not be oppressive to our constituents." – President James Madison

"[M]y religious belief teaches me to feel as safe in battle as in bed. God has fixed the time for my death. I do not concern myself about that, but to be always ready, no matter when it may overtake me. [T]hat is the way all men should live, and then all would be equally brave."  – General Thomas J. "Stonewall" Jackson

"If, from the more wretched parts of the old world, we look at those which are in an advanced stage of improvement, we still find the greedy hand of government thrusting itself into every corner and crevice of industry, and grasping the spoil of the multitude.  Invention is continually exercised, to furnish new pretenses for revenues and taxation.  It watches prosperity as its prey and permits none to escape without tribute." – Thomas Paine

"I cannot undertake to lay my finger on that article of the Constitution which granted a right to Congress of expending, on objects of benevolence, the money of their constituents." – President James Madison

"I wish it were possible to obtain a single amendment to our Constitution – taking from the federal government their power of borrowing." – Thomas Jefferson

“And with great power gave the apostles witness of the resurrection of the Lord Jesus: and great grace was upon them all.” – Acts 4:33 (KJV)

“If you are using the generator for ‘convenience’ then a failure is only an inconvenience. But if using a generator for ’emergency use’, then a failure is an emergency.” – Clare Snyder

"In the United States neither paper currency nor deposits have value as commodities.  Intrinsically, a dollar bill is just a piece of paper, deposits merely book entries.  Coins do have some intrinsic value as metal, but generally far less than their face value.  What, then, makes these instruments – checks, paper money, and coins – acceptable at face value in payment of all debts and for other monetary uses?  Mainly, it is the confidence people have that they will be able to exchange such money for other financial assets and for real goods and services whenever they choose to do …

“The speed with which end-time related events are breaking is staggering. You were born for such a time as this and you are an intricate part of God’s plan for this generation.  See these trying times as a gift from God to you: He trusts you to serve Him at this time.” – Jan Markell

"If all the bank loans were paid, no one could have a bank deposit, and there would not be a dollar of coin or currency in circulation. This is a staggering thought. We are completely dependent on the commercial banks. Someone has to borrow every dollar we have in circulation, cash, or credit. If the banks create ample synthetic money we are prosperous; if not, we starve. We are absolutely without a permanent money system. When one gets a complete grasp of the picture, the tragic absurdity of our hopeless situation is almost incredible — but there it is." – …

"Experience has shown that even under the best forms of government those entrusted with power have, in time, and by slow operations, perverted it into tyranny." – Thomas Jefferson

"The school of experience has no free scholarship". – G. H. Scheidel, born 1897