Michael A. Acree

“And so, when more than 1900 S&L's went belly-up in the Great Depression, Herbert Hoover—and a most willing Congress—created the Federal Home Loan Bank Board to protect depositors in the future.”
― G. Edward Griffin, The Creature from Jekyll Island: A Second Look at the Federal Reserve

“The political forces arrayed on the side of capital have always wanted to treat labor as a commodity, driving down costs and demanding the freedom to move production to countries with the lowest wages. They have tried to prevent workers from forming unions and look for opportunities to break unions once they are formed. They have also tried to prevent governments from regulating working hours and conditions, imposing minimum wages or mandating family leave. On the other side, the workers have organized into unions, braving numerous bloody confrontations, in order to be able to bargain collectively for better wages and working conditions, and over the years have won a number of important concessions, such as laws that prohibit child labor and provide for a regulated work week, safer working conditions and so on. The heyday of this era was in the 1950s, when an assembly-line autoworker in Detroit was able to earn enough to afford a house and a car, raise a family and then retire comfortably. That era is now over.”
― Dmitry Orlov, The Five Stages of Collapse: Survivors' Toolkit

“The Gam-St. Germain Act allowed the thrifts to lend an amount of money equal to the appraised value of real estate rather than the market value. It wasn't long before appraisers were receiving handsome fees for appraisals that were, to say the least, unrealistic.”
― G. Edward Griffin, The Creature from Jekyll Island: A Second Look at the Federal Reserve

“It was the defection of the English Crown, the immense booty rapidly obtained by a few adventurers, like the Cecils and Russells, and a still smaller number of old families, like the Howards, which put England, with all its profound traditions and with all its organic inheritance of the great European thing, upon the side of the Northern Germanies. It was inevitable, therefore, that in England the fruits should first appear, for here only was there deep soil. That fruit upon which our modern observation has been most fixed was Capitalism. Capitalism proceeded from England and from the English Reformation; but it was not fully alive until the early eighteenth century. In the nineteenth it matured.”
― Hilaire Belloc, The Free Press