Andrew Jackson Quotes

Where there is a free government, and the people make their own laws by their representatives, I see no injustice in their obliging one another to take their own paper money.

Shall we have in this country legal-tender paper issued by the Government, or shall the people depend upon banking corporations for their circulating medium! Shall the Government or the banking corporations control the volume of the currency?

Experience, however, shows that neither a state nor a bank ever have [sic] had the unrestricted power of issuing paper money without abusing that power; in all states, therefore, the issue of paper money ought to be under some check and control; and none seems so proper for that purpose as that of subjecting the issuers of paper money to the obligation of paying their notes either in gold coin or bullion.

As long as we issue fiat currency, I see no alternative to a legal tender law.

The dollar represents a one dollar debt to the Federal Reserve System. The Federal Reserve Banks create money out of thin air to buy Government Bonds from the U.S. Treasury...and has created out of nothing a ... debt which the American people are obliged to pay with interest.

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.

Henceforth no money coined shall be stamped with the name, title, or arms of the King of Spain in any of these United Provinces, but that all new gold and silver pieces, with their halfs and quarters, shall only bear such impressions as the states shall direct.

Give me the power to issue a nation’s money; then I do not care who makes the laws.

If you look at a copy of EO 11110, you will find that it does not order the issuance of Silver Certificates. It orders an amendment to EO 10289... Those functions did not include the power to issue Silver Certificates.

Right now, nobody legalized paper money. Where did that come from.

I don't get why the government is the only one that gets to print money.

To those advocates of independent paper moneys who also champion the free market, I would address this simple question: "Why don't you advocate the unlimited freedom of each individual to manufacture dollars?" If dollars are really and properly things-in-themselves, why not let everyone manufacture them as they manufacture wheat and baby food?

No government proposal more complicated than "This note is legal tender for all debts, public and private" ever works.

The Congress should not be creating money out of thin air, which is what Lincoln did when he created greenbacks. But it is a congressional responsibility to maintain gold and silver as a legal tender.

The bold effort the present (central) bank had made to control the government ... are but premonitions of the fate that await the American people should they be deluded into a perpetuation of this institution or the establishment of another like it.

In the United States we have, in effect, two governments ... We have the duly constituted Government ... Then we have an independent, uncontrolled and uncoordinated government in the Federal Reserve System, operating the money powers which are reserved to Congress by the Constitution.

First reason is, it's not authorized in the Constitution, it's an illegal institution. The second reason, it's an immoral institution, because we have delivered to a secretive body the privilege of creating money out of thin air; if you or I did it, we'd be called counterfeiters, so why have we legalized counterfeiting? But the economic reasons are overwhelming: the Federal Reserve is the creature that destroys value.

Under the gold standard gold is money and money is gold. It is immaterial whether or not the laws assign legal tender quality only to gold coins minted by the government.

The U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost.

When you give government the power to control the money supply, it grows like a tumor until it extinguishes society itself.

The truth is the Federal Reserve Board has usurped the Government of the United States. It controls everything here and it controls all our foreign relations. It makes and breaks government at will.

The primary function of the government is - and here I am quoting directly from the U.S. Constitution - 'to spew out paper.'

Neither a state nor a bank ever have had unrestricted power of issuing paper money without abusing that power.

The Federal Reserve System is nothing more than legalized counterfeit.

There is an enormous thrust in our time to have a simple answer. And that simple answer is that all depends on Alan Greenspan and the Federal Reserve. And Alan, who is an old acquaintance of mine, is a marvelous performer in the impression he gives of enormously great perception.