L. Neil Smith Quotes
Money, first and foremost, is a medium of communication, conveying the information we call 'price'. Government control of the money supply is censorship, a violation of the First Amendment. Inflation is a lie.
Smith, L. Neil. Lever Action. Mountain Media, 2001.
At the time any private bank could issue their own money. Private sector bankers thought it outrageous that the Congress should consider trampling on their rights to issue money. The solution that was finally adopted some years later was to use the Federal Reserve Board to control the money supply. It is independent of the Congress and the President but members are appointed by the President and confirmed by the Senate. Our system, like no other system, is a compromise where neither the Government or the Private Sector controls the American money supply.
Lester Neil Smith III, better known as L. Neil Smith, is an American libertarian science fiction author and political activist. His works include the trilogy of Lando Calrissian novels, all published in 1983: Lando Calrissian and the Mindharp of Sharu, Lando Calrissian and the Flamewind of Oseon, and Lando Calrissian and the Starcave of ThonBoka. He also wrote the novels Pallas, The Forge of the Elders, and The Probability Broach, each of which won the Libertarian Futurist Society's annual Prometheus Award for best libertarian science fiction novel. In 2016, Smith received a Special Award for Lifetime Achievement from the Libertarian Futurist Society.