Monetary Unit Quotes

Our forefathers showed much wisdom in selecting silver, of the two metals, out of which to make the unit…. In considering which of these two metals they would thus favor by making it the unit, they were led to adopt silver because it was the most reliable. It was the most favored as money by the people. It was scattered among all the people. Men having a design to injure business by making money scarce, could not easily get hold of all the silver and hide it away, as they could gold. This was the principal reason that led them to the conclusion to select silver, the more stable of the two metals, upon which to fix the unit. It was so much handled by the people and preferred by them, that it was called the people's money.

The gold dollar shall be the standard unit of value. For all forms of money issued or coined in the United States, it shall be maintained at a parity with this standard.

Relative income uses two variables: the dollar and time, usually hours.

I have long been in favor of a balanced budget restriction at the level of the federal government of the United States. Because the federal government has money-creating powers it can, in fact, be very damaging if it runs a series of budget deficits. With the state government in the United States, they don't have money-creating powers. The automatic discipline imposed by the fact that they are in a common monetary unit and don't have control over the money power means that the balanced budget restriction is less needed.

Money is money.

If you increase the quantity of money, you bring about the lowering of the purchasing power of the monetary unit.

The illusiveness of this concept of national income is to be seen in its dependence on changes in the purchasing power of the monetary unit. The more inflation progresses, the higher rises the national income.

I never knew the word 'billion' when I was a kid.

Cents are the most universally used interval measure.