Topic: Economics, Matches 52 quotes.

Elements Of Success

I am not a defeatist. I believe there is more good in men than bad and that the good will triumph. I am sure, too, that the people of the United States will, through work, create wealth and in that creation give employment and happiness, if only the natural laws upon which free enterprise has been established are allowed to freely operate. But wealth cannot be created in sufficient amount to go around and bring prosperity to all the people if those laws are seriously contravened by any group in our society,—capital, labor, or government. Nothing but work can create wealth in this day and age,—productive work of the laborer. Other manipulations may seem to do it but they do not create real wealth that feeds and clothes and houses and makes happy people. The Government cannot do it because in final analysis it is not possessed of the elemental necessities for the creation of wealth. Of itself it has no capital and it has no labor. All that it can do is take from one and give to another. It takes by txation, its only ultimate source of revenue; and it gives in wages, subsidies, bounties, and many other ways, but it does not create wealth and the creation of wealth lies at the basis of prosperity.

I want to make it distinctly clear that I am not attacking the motives or intentions of the Government or governmental agencies who have sought to meet emergencies and difficult situations with much novel and experimental legislation. I have never desired failure for any of the experiments. I have always wished for their success and I think some have succeeded. I disclaim any intention or any effort to influence partisan politics. My sole desire is to expound the principles of sound economics as I conceive them and believe in them and as I deem them to be in harmony with the well-established and time-tested principles of our religion.

Source: Elder Stephen L. Richards
General Conference, October 1939

Topics: Economics; Government, Wealth Transfer; Welfare

Do we ever give our boys and girls any practical lessons in teaching them the true greatness of the Constitution? How often do we pass some great industrial plant, and notice hundreds of automobiles around it? Some of us may think that those automobiles belong to the owners of the plant, or to the management, but such is not the case. Those automobiles belong to the men who work in the plant. You can see that sight only in America. You can’t see it in Europe, because it is not there. These men own automobiles because of the rights that they have under the Constitution of the United States to earn and pay for those things that are within the buying and purchasing power of all of these people.

We speak of Hitler and his ingenuity in accomplishing great things mechanically—and might I say he has—but there is one thing that he has not given his people, although he has endeavored over a period of years to provide an automobile that would be within their purchasing power. But here in America we not only enjoy automobiles, some of the comforts of fine homes, and fine homes themselves, but practically every blessing that even the rich and elect of far-off Europe enjoy. All of these things are possible individually because we live in a country where personal initiative is not restricted, where each and every man can have anything he wants, if he will work for it.

Source: Elder Joseph L. Wirthlin
General Conference, October 1939

Topics: Economics; Education

If Congress has the right [it doesn’t] to issue paper money [currency], it was given to them to be used by...[the government] and not to be delegated to individuals or corporations.

Source: President Andrew Jackson, Vetoed Bank Bill of 1836

Topics: Economics; Government, Limited

Most Americans have no real understanding of the operation of the international money lenders. The accounts of the Federal Reserve System have never been audited. It operates outside the control of Congress and manipulates the credit of the United States.

Source: Sen. Barry Goldwater (Rep. AR)

Topics: Economics

It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.

Source: Henry Ford

Topics: Economics

The regional Federal Reserve banks are not government agencies. ...but are independent, privately owned and locally controlled corporations.

Source: Lewis vs. United States, 680 F. 2d 1239 9th Circuit 1982

Topics: Economics

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.

Source: Congressman Louis T. McFadden
in 1932 (Rep. Pa)

Topics: Economics

Some people think the Federal Reserve Banks are the United States government’s institutions. They are not government institutions. They are private credit monopolies which prey upon the people of the United States for the benefit of themselves and their foreign swindlers.

Source: Louis T. McFadden
Chairman of the Committee on Banking and Currency (12 years)
June 10, 1932 - Congressional Record 12595-12603

Topics: Economics

[Every circulating FRN] represents a one dollar debt to the Federal Reserve system.

Source: Money Facts, House Banking and Currency Committee

Topics: Economics

•  ⟨⟨ 
•  ⟨ 
•   |  
•  ⟩ 
•  ⟩⟩