"It is absurd to say that our..." - Quote by Thomas Edison
It is absurd to say that our country can issue $30,000,000 in bonds and not $30,000,000 in currency. Both are promises to pay; but one promise fattens the usurer (banker), and the other helps the people. If the currency issued by the Government were no good, then the bonds issued would be no good either. It is a terrible situation when the Government, to increase the national wealth, must go into debt and submit to ruinous interest charges at the hands of men who control the fictitious values of gold.
More by Thomas Edison
More on Economics
“The national debt has given rise to joint stock companies, to dealings in negotiable effects of all kinds, and to agiotage , in a word to stock-exchange gambling and the modern bankocracy .”
“In my view, [the trade deficit] will create political turmoil at some point...Pretty soon, I think there will be a big adjustment.”
“Free enterprise has done more to reduce poverty than all the government programs dreamed up by Democrats.”
More on Government
“The war for freedom will never really be won because the price of freedom is constant vigilance over ourselves and over our Government.”
“The more laws, the less justice.”
“The most perfect political community must be amongst those who are in the middle rank, and those states are best instituted wherein these are a larger and more respectable part, if possible, than both the other; or, if that cannot be, at least than either of them separate.”