Central Banks Quotes

“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.”
― Carl Menger

“I will feel no guilt on shutting my door to those who didn't listen.”
― Stefan Molyneux

“Inflation is always and everywhere a monetary phenomenon.”
― Milton Friedman, Money Mischief: Episodes in Monetary History

“I was reading in the paper today that Congress wants to replace the dollar bill with a coin. They’ve already done it. It’s called a nickel.”
― Jay Leno

“You have to include inflation in your annual revenue and expense forecasts. You have to treat inflation as an annual fee your business pays into the economy. If inflation is 2% for example, that means the economy is charging your business a 2% annual fee and so you gotta make sure your income and total assets grow at minimum 2% annually just to keep up.”
― Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth, Business Essentials

“If Congress has the right under the constitution to issue paper money, it was given them to be used by themselves, not to be delegated to individuals or corporations.”
― Andrew Jackson

“Banking was conceived in iniquity and was born in sin. The bankers
own the earth. Take it away from them, but leave them the power to
create deposits, and with a flick of the pen they will create enough
deposits to buy it back again. However, take it away from them, and all
the great fortunes like mine will disappear and they ought to disappear,
for this would be a happier and better world to live in. But, if you wish
to remain the slaves of the bankers and pay the cost of your own slavery,
let them continue to create deposits.”
― Josiah Stamp

“Interventionism inevitably leads to socialism, central banking inevitably leads to hyperinflation, total cashlessness inevitably leads to total surveillance, and "guaranteed income" inevitably leads to guaranteed enslavement. A deadly poison remains a deadly poison even when ingested in a gradual manner.”
― Jakub Bożydar Wiśniewski

“There is no answer in the available literature to the question why a government monopoly of the provision of money is universally regarded as indispensable. ... It has the defects of all monopolies.”
― Friedrich Hayek, Denationalisation of Money -The Argument Refined

“Having been forced into being the only game in town, they (Central banks) now find that their destiny is no longer entirely or even mostly theirs to control. The legacy of their exceptional period of hyper policy experimentation is now in the hands of governments and their political bosses (p. 265).”
― Mohamed El-Erian, The Only Game in Town: Central Banks, Instability, and Avoiding the Next Collapse

“We have, in this country, one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board. This evil institution has impoverished the people of the United States and has practically bankrupted our government. It has done this through the corrupt practices of the moneyed vultures who control it.”
― Louis T. McFadden

“The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented. Banking was conceived in iniquity and born in sin. Bankers own the Earth. Take it away from them, but leave them the power to create money, and with the flick of the pen they will create enough money to buy it back again.

Take this great power away from them and all great fortunes like mine will disappear, and they ought to disappear, for then this would be a better and happier world to live in. But if you want to continue to be slaves of the banks and pay the cost of your own slavery, then let bankers continue to create money and control credit.”
― Sir Josiah Stamp

“With a gun a man can rob a bank, with a bank a man can rob the world.”
― Carter Glass

“The fear of losing the grip of the financial CONTROL on the masses won't let the Central Banks give traditional banks the total freedom to develop and innovate using Blockchain technology. But, some of those banks will still find a way to circumvent it with time as failure not do so will draw customers away from them.”
― Olawale Daniel

“As the government of different nations, through the Central banks, are making adoption of Blockchain products difficult for the people, which in return, affects the bank's profit, it won't be long until some of these traditional institutions find a way to circumvent it and create a backdoor loop that would blow everything out of water.”
― Olawale Daniel

“All digital or virtual currencies apart from cryptocurrency are centralized, with the control vested in the central bank and other government agencies.”
― Olawale Daniel, Mastering the Crypto World: Understanding and Trading Cryptocurrencies for Profits

“Not everyone has adopted cryptocurrency, majorly because not many understand what it is or how it works.”
― Olawale Daniel, Mastering the Crypto World: Understanding and Trading Cryptocurrencies for Profits

“Inflation is caused by money printing. Period.”
― Daniella Liberati, Beyond Money: Regaining Sovereignty, Rediscovering Humanity

“Bitcoin is the first viable stateless currency in human history.”
― Gun Gun Febrianza