Stephen Fincher Quotes

I know the Federal Reserve Bank can continue to print more and more money... but city and state governments cannot.

Thus, the use of fiat money is more justifiable in financing a depression than in financing a war.

The Fed [Federal Reserve System], whether it likes it or not, is required to provide adequate reserves to the banking system in order for the government to finance its needs, even when that is inflationary.

A paper monetary standard means there are no restraints on the printing press or on federal deficits.

Every time the Fed implements 'quantitative easing,' a.k.a. printing more money, two things go up: taxes and inflation. When taxes and inflation go up, more jobs are lost.

When the government runs out of lenders, it can do something that households are forbidden to do: print money.

Each money-printing exercise brings about unintended consequences. These unintended consequences are higher inflation rates than had no money been printed.

In a world where wealth is growing, you can get away with printing money. Doubling the debt over the next 20 years is not a problem.

It is a way to take people's wealth from them without having to openly raise taxes. Inflation is the most universal tax of all.

I do not think it is an exaggeration to say history is largely a history of inflation, usually inflations engineered by governments for the gain of governments.

We have lost control over the financial system ... by printing much more money than in previous years.

Well, the chairman of Federal Reserve just made his move to rescue Barack Obama. We're gonna have QE3. We're gonna print some more money.

Printing money is merely taxation in another form.

If Congress wanted to intervene with the Federal Reserve, well, we created the Federal Reserve. We could uncreate it. But would you want Congress regulating the money supply? We'd have drowned in inflation, or gone bankrupt, decades ago.

Economic medicine that was previously meted out by the cupful has recently been dispensed by the barrel. These once unthinkable dosages will almost certainly bring on unwelcome after-effects. Their precise nature is anyone's guess, though one likely consequence is an onslaught of inflation.

At some point, the dollar has to give. You can't just keep printing money, and monetizing debt, and buying bonds, without the dollar imploding.

The central focus of what we are doing at the Fed is to keep inflation from accelerating - and preferably decelerating.

It's pointless to talk to Fed members about economics because they are academics who believe in money-printing. Some of them believe they didn't print enough, and so with these kinds of people, it is like running to the pope. What do you want to tell them?

Any debate among politicians about monetary policy is counterproductive.

The Fed is the biggest enemy of this economy. In fact, Ben Bernanke, as far as I'm concerned, he's public enemy No. 1. We're never going to have a recovery while this guy's in charge.

Governments can inflate their way out of debt, but that has consequences, doesn't it?

I think the Fed is not designed to have effective tools to deal with the economy. It should settle for just controlling the money supply. And - if it insists, it can worry about inflation.

If Federal Reserve loans are subsidies, it doesn't show up in the federal budget.

There is always the potential for a central bank to engage in discretionary monetary policy and to break the one-to-one link between changes in foreign reserves and changes in the money supply.

Monetary policy and fiscal policy are inseparable.