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Carter Glass, Daniel Webster, Fredrich August Von Hayek


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"Is there any reason why the American people

should be taxed to guarantee the debts of banks,

any more than they should be taxed to guarantee

the debts of other institutions, including merchants,

the industries, and the mills of the country?"

-- Carter Glass

(1858-1946) Newspaper publisher, US Senator (D-VA), author of the Banking Act of 1933, U.S. Secretary of the Treasury under President Woodrow Wilson.




"We are in danger of being overwhelmed with irredeemable paper,

mere paper, representing not gold nor silver;

no sir, representing nothing but broken promises, bad faith,

bankrupt corporations, cheated creditors and a ruined people."

-- Daniel Webster

(1782-1852), US Senator

Source: speech in the Senate, 1833




"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

(1899-1992), Nobel Laureate of Economic Sciences 1974


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