politics

A Quote by E. C. Riegel on money, politics, money-making, prosperity, wealth, govern, government, control, and issuer

Money can be issued only in the act of buying, and can be backed only in the act of selling. Any buyer who is also a seller is qualified to be a money issuer. Government, because it is not and should not be a seller, is not qualified to be a money issuer.

E. C. Riegel

Source: http://www.mind-trek.com/treatise/ecr-pem/intro.htm

Contributed by: peter

A Quote by E. C. Riegel on money, politics, money-making, prosperity, wealth, govern, government, and control

Political economy is a fiction. Economy can have but one sphere, namely, in the practice of the individual. Political economy implies that the state can have a separate existance as a creative force, whereas, it is but one of the instruments of the individual's economy. All wealth - all economic planning - can spring only from the individual for his private guidance; and in him resides both the political and economic power. The ballot is his instrument of political power; money his instrument of economic power and the former is futile without the latter. He is a dupe, who believes that government can be both his servant and his patron, i.e., that the state can develop an economy to enrich him. He must govern government as he governs himself; and he must provide for government as he provides for himself. Any power existing outside himself is only that which has been delegated by him, or has escaped from him; for he is the one and only power-house. He cannot delegate his money power, if he would, because it is inseparably linked to his buying wherein he must exert his private discretion. To issue money, one must buy, to buy, one must appraise. Hence, the money issuing power is undelegatable and unusurpable.

E. C. Riegel

Source: http://www.mind-trek.com/treatise/ecr-pem/ch1.htm

Contributed by: peter

A Quote by E. C. Riegel on money, politics, money-making, prosperity, wealth, govern, and government

As has been stated, the purpose of money is to split barter into two parts so that the seller is free to find his source of supply later and elsewhere. This is the sole purpose of money. Any effort to use money to serve another purpose is perversive; and this statement condemns the entire managed money philosophy.

E. C. Riegel

Source: http://www.mind-trek.com/treatise/ecr-pem/ch2.htm

Contributed by: peter

A Quote by E. C. Riegel on money, politics, money-making, prosperity, wealth, govern, government, banking, and monopoly

Contrary to popular belief, the banker is neither a money creator nor a money lender. He merely profits from the ignorance of businessmen by charging them for authorizing them to create money, a function that is natural to the buyer and which he can exert without cost if he is intelligent enough to form a reciprocal enabling pact with other buyers. The process involves no cost and, therefore, justifies no fee. Since the money is created only by the act of buying, the banker, of course, does not lend it, and since he is not the buyer, he does not create it. Money cannot be loaned or borrowed until it has been created by the act of buying. Therefore it is correct to say that a savings bank makes loans, but a commercial bank makes no loans. It merely permits "borrowers" to create money. thus increasing the money supply. Non-banking corporations, individuals, pawnbrokers, etc., loan money from the existing supply. Therefore interest may be justified in these cases of actual loans, whereas, it cannot be justified where the "borrower" is the actual creator.

E. C. Riegel

Source: http://www.mind-trek.com/treatise/ecr-pem/ch2.htm

Contributed by: peter

A Quote by E. C. Riegel on money, politics, money-making, wealth, govern, government, banking, monopoly, patents, and licensing

There is an analogy between the patent granting power of government and its money granting power. When a citizen invents a device, the government grants him, through the patent office, a monopoly on the sale of it. When a citizen produces anything, he is at liberty to use it; but, if he wishes to sell it, his ability to do so is dependent upon his ability to find someone who has the money. Since buyers can have only such money as the government distributes through its purchases, loans and gifts (or such substitute money as its creature, the banker, will authorize) it may be seen that buying is subject to grant, just as, in the case of a patent, selling is subject to grant. In the case of patents, the patent holder is the grantee of veto power; in the case of money, the banker is the grantee of the veto power. These two are the breeders of our monopolies and of the two, the money granting and vetoing power is by far the greater. It in fact makes possible the acquisition of the patent granting power from inventors who, not having money power, are obliged to sell to those who have. The government, which promulgates laws against monopolies in restraint of competition, is itself the author of these twin creators of monopolies.

E. C. Riegel

Source: http://www.mind-trek.com/treatise/ecr-pem/ch2.htm

Contributed by: peter

A Quote by E. C. Riegel on money, politics, money-making, prosperity, wealth, govern, and government

The first cardinal truth of money is that no one, whether individual or government, can issue money without buying something. By inviting government to become a money issuer, we invite it to become our customer. Then we quarrel with it if it tries to buy something that we deem within the province of private enterprise.

The second cardinal truth of money is that money must be backed with something, and the act of backing can only be the act of selling. Since we object to government buying and selling anything useful, but nevertheless insist that it issue money, we force it into boondoggling or public works that do not conflict with our private enterprise. Thus we compel government to issue unbacked money by making it impossible for it to sell anything in exchange for the money it issues. As this process of issuing unbacked money continues, each unit grows weaker and thus the dosage must be increased. Hedged about, as government is, by our objections to its invading private enterprise and yet keeping it under the pressure to issue money, it is ultimately forced to the most consummate public works spending program, which is war.

E. C. Riegel

Source: http://www.mind-trek.com/treatise/ecr-pem/intro.htm

Contributed by: peter

A Quote by E. C. Riegel on money, politics, money-making, prosperity, wealth, govern, and government

When man has mastered money he shall have mastered not only his economic problem of prosperity but also his political problem, for he will see that money has no place in state functions, and, the money power being entirely in his own hands, he will easily master the state and clearly define its services. Thus money must be seen as the means of mastery of all economic and political problems. Until we have mastered money we shall not master any of our problems. Not money, but a false money system, is the root of all evil.

E. C. Riegel

Source: The Surprise Weapon PRIVATE ENTERPRISE MONEY A Non-Political Money System (http://www.mind-trek.com/treatise/ecr-pem/intro.htm)

Contributed by: peter

A Quote by Richard M. Salsman on money, politics, and money-making

The only way to get money out of politics is to get politics out of money-making.

Richard Salsman

Contributed by: peter

A Quote by Robert W. Tracinski on politics, corruption, and money

Money doesn't corrupt politics—politics corrupts money.

Robert Tracinski

Contributed by: peter

A Quote by Howard Zinn on politics, elections, howard zinn, tennis, democrat, and republican

Opening and closing of Chapter 9 Tennis On The Titanic

During the Gore/Bush/Nader presidential election, while the entire nation was hypnotized by the spectacle, I had a vidsion.  I saw the Titanic churning through the waters of the North Atlantic toward an iceberg looming in the distance, while the passengers and crew concentrated on a tennis game taking place on deck.

In our election-obsessed culture, everything else going on in the world - war, hunger, official brutality, sickness, the violence of everyday life for huge numbers of people - is swept out of the way while the media covers every volley of the candidates.  Thus, the superficial crowds out the meaningful, and this is very useful for those who do not want citizens to look beyond the surface of the system.  Hidden by the contest of the candidates are the real issues of race, class, war, and peace, which the public is not supposed to think about.
...
The ferocity of the contest for the presidency in recent elections conceals the agreement between both parties on fundamentals.  The evidence for this statement lies in eight years of the Clinton-Gore administration, whose major legislative accomplishments - destroying welfare, imposing more punitive sentences on criminals, increasing Pentagon spending - were part of the Republican agenda.

The Demacrats and the Republicans do not dispute the continued corporate control of the economy.  Neither party endorses free national healthcare, proposes extensive low-cost housing, demands a minimum income for all Americans, or supports a truly progressive income tax to diminish the huge gap between rich and poor.  Both support the death penalty and growth of prisons.  Both believe in a large military establishment, in land mines and nuclear weapons and the cruel use of sanctions against the people of Cuba.

Perhaps when, after the next election, the furor dies down over who really won the tennis match and we get over our anger at the referee's calls and the final, disputed score, we will finally break the hypnotic spell of the game and look around.  We may then think about whether the ship is slowly going down and whether there are enough lifeboats and what we should do about all that.

Howard Zinn

Source: A Power Governments Cannot Suppress, Pages: 63, 65-6

Contributed by: HeyOK

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