“With the exception only of the period of the gold standard, practically all governments of history have used their exclusive power to issue money to defraud and plunder the people.” ~ Fredrich August von Hayek |
“Paper money eventually returns to its intrinsic value: zero.” ~ Voltaire |
“...the U.S. government can also reduce the value of a dollar... under a paper money system, a determined government can always generate higher spending and hence positive inflation.” ~ Ben Bernanke |