Money creation | Quotes about the magic of money

"The ideas of the ruling class are the ruling ideas in every epoch, i.e., the class which is the ruling material force of society is at the same time its ruling intellectual force. The class which has at its disposal the means of material production has at the same time at its disposal the means of intellectual production, so that, on average, the thoughts of those who lack the means of intellectual production are subject to it. The ruling ideas are nothing more than the ideal expression of the ruling material conditions, the ruling material conditions conceived as ideas; that is, the conditions that make one class the ruling class, the ideas of its rule." Marx/Engels

"There is no way to prevent the final collapse of a boom generated by credit expansion. The only alternative is either an earlier crisis resulting from the voluntary termination of credit expansion, or a later, final, and total catastrophe for the currency system involved." Ludwig von Mises

"The other side may have more money, more possessions, and all the weapons in the world. But their power is based neither on their money, nor on their possessions, nor on their weapons, but solely on one factor, and that is the ignorance of the majority of people." Ernst Wolff

"The press is the hired agent of a monied system, and set up for no other purpose than to tell lies where their interests are involved." Henry B. Adams

"In the ethical sense, propaganda bears the same relation to education as to business or politics. It may be abused. It may be used to over-advertise an institution and to create in the public mind artificial values. There can be no absolute guarantee against its misuse." Edward Bernays

"The System is just like the Church. That’s probably why I feel so comfortable with it. It’s got a pope, the chairman; and a college of cardinals, the governors and bank presidents; and a curia, the senior staff. The equivalent of the laity is the commercial banks. If you’re a naughty parishioner in the Catholic Church, you come to confession. In this system, if you’re naughty, you come to the discount window for a loan. We even have different orders of religious thought like Jesuits and Franciscans and Dominicans only we call them pragmatists and monetarists and neo-Keynesians." Richard Syron

"We have the entire political elite against us. [...] The development will be a bad one. [...] I see nothing good, absolutely nothing good; I see no approach anywhere. The problems have been treated with the same methods from which the problems arose in the first place. [...] We will get more and more socialism, new kinds of socialism, new kinds of fascism. Definitely more totalitarianism, less freedom, and overall a radicalization. We will also experience uprisings, we will have unrest, and explosive growths of crime." Roland Baader

"I am afraid that the ordinary citizen will not like to be told that the banks can and do create and destroy money. And they who control the credit of a nation direct the policy of governments, and hold in the hollow of their hands the destiny of the people." Reginald McKenna

"If all the bank loans were paid, no one could have a bank deposit, and there would not be a dollar of coin or currency in circulation. This is a staggering thought. We are completely dependent, on the Commercial Banks. Someone has to borrow every dollar, we have in circulation, cash or credit. If the Banks create ample synthetic money, we are prosperous; if not, we starve. We are, absolutely, without a permanent money system. When one gets a complete grasp of the picture, the tragic absurdity, of our hopeless position, is almost incredible, but there it is. It is the most, important subject, intelligent persons can investigate and reflect upon. It is so important that our present civilization may collapse, unless it becomes widely understood, and the defects remedied very soon." Robert H. Hemphill

"Our power has been created through the manipulation of the national monetary system.. The Federal Reserve system fitted our plan nicely since it is owned by us, but the name implies that it is a government institution. From the very outset, our purpose was to confiscate all the gold and silver, replacing them with worthless non- redeemable papen notes... We Jews have put issue upon issue to the American people. Then we promote both sides of the issue as confusion reigns. With their eyes fixed on the issues, they fail to see who is behind every scene. We Jews toy with the American public as a cat toys with a mouse..." Harold Wallace Rosenthal

"The war that is being prepared will be a battle between international capital and the ruling dynasties. Capital wishes to have no one over it, knows no God or Lord, and wishes to have all states ruled as a great banking business. Their profit shall become the sole guide of the rulers ... Business ... one and only." Kardinal John Murphy Farley

"There was this wonderful book called "The Hitchhiker's Guide to the Galaxy" and there's a chapter in it where there's a planet where another planet sends all of its lunatics to do no more damage at home. And on this lunatic planet, the Keynesian economists have come to power and decided that they can abolish the scarcity of goods by abolishing the scarcity of money. They then declared the leaves of trees to be money, which of course immediately led to hyperinflation. This was then countered with a forest defoliation program. And let me tell you, ladies and gentlemen, some of these "foliage faction" have made it here. They're sitting in the central banking worlds today, in the Governing Council of the ECB and at the Fed, and they're telling us with their Modern Monetary Theory that it's possible in all seriousness to overcome the scarcity of goods by abolishing the scarcity of money and being able to buy everything, anything, everything, if we just print enough money." Markus Krall

"It has long been obvious in the Western tribal countries of democracy that the promises inherent in this concept will probably remain unfulfilled: Politics is losing ground dramatically to the power of the markets; supposedly democratic systems are firmly in the hands of powerfully organized interests and have less and less to do with popular sovereignty - if there ever was any. Social inequality and the disenfranchisement and reification of citizens as mere administrative objects or human resources are advancing inexorably - though every step of disenfranchisement is communicated as emancipatory gain." Ingolfur Blühdorn

""It is ... a naivety that cannot be excused by anything to believe that a state can be total in the economic sphere without being so at the same time in the political and spiritual sphere ...." ... Democracy and socialism are not a tautology (à la Oskar), but radical, mutually exclusive opposites. Democracy is a method of limiting and controlling power. Socialism, on the other hand, always denies the individual freedom of choice of individuals over their economic preferences and life goals (supposedly in favor of the general public, the collective); thus socialism always assigns sovereignty over the decisive existential forces and life motivations to the state or a party or political cliques, and thus socialism is never a system or method for limiting power, but always and everywhere pseudo-moral justification for patronizing life, carte blanche for cynically moralizing unrestrained power." Roland Baader