Transition Quotes - page 5
Ron Paul: ...you have to develop the transition, and eventually the next step would be to prohibit the Fed from monetizing debt. This is the real evil. The politicians spend for war, welfare, and they don't have to do it responsibly.
Question: When you say monetize the debt, you mean they would only be able to spend the cash that they had on hand. They couldn't write any cheques for which they don't have in their account any money?
Ron Paul: That's right. And that is the key to it. Because when the Fed comes along, and there's starvation for capital and liquidity, and politicians are spending too much, the Fed can create 20, 30, 50 billion dollars in a day, just like they did trying to bail out this housing bubble crash. So they create money out of thin air endlessly, eventually that has to stop because that drives the value of the dollar down.
Ron Paul
I am growing fit, I hope, for a better world, of which light of the sun is but a shadow: for I doubt not but God's works here, are what comes nearest to his works there; and that a true relish of the beauties of nature is the most easy preparation and gentlest transition to an enjoyment of those of heaven; as on the contrary a true town life of hurry, confusion, noise, slander, and dissension, is a fort of apprenticeship to hell and its furies... The separation of my soul and body is what I could think of with less pain; for I sm very sure he that made it will take care of it, and in whatever state he pleases it shall be, that state must be right; but I cannot think without tears of beingseparated from my friends, when their condition is so douubtful, that they may want even such assistance as mine.
Alexander Pope