Dollar Quote by Ben Bernanke

Unlike the days of the gold standard, it is impossible for the Federal Reserve to go bankrupt; it holds the legal monopoly of counterfeiting…

— Murray Rothbard

“Alan Greenspan, who would later become the Federal Reserve chairman, wrote in 1966: [T]he earnings saved by the productive members of the society lose…

— Andrew P. Napolitano

Gold has intrinsic value. The problem with the dollar is it has no intrinsic value. And if the Federal Reserve is going to spend…

— Peter Schiff

The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited…

— Alan Greenspan

America really started to die when the Federal Reserve was founded, and it really started to die in 1971 when the gold backing was…

— Jeff Berwick

“The Federal Reserve System had been established to prevent what actually happened. It was set up to avoid a situation in which you would…

— Alan Ebenstein

I think I understand the Constitution a little bit because in 1971 we went off the gold standard under President Nixon into the Federal…

— Bill O'Reilly

The Federal Reserve the privately owned U.S. central bank definitely caused The Great Depression by contracting the amount of currency in circulation by one…

— Milton Friedman

“Because I believed that the choice was between accelerating inflation and deflationary depression, I was holding both gold (which performs well in accelerating inflation)…

— Ray Dalio

Importantly, in the 1930s, in the Great Depression, the Federal Reserve, despite its mandate, was quite passive and, as a result, financial crisis became…

— Ben Bernanke

“The accepted version of history is that the Federal Reserve was created to stabilize our economy. One of the most widely-used textbooks on this…

— G. Edward Griffin

The Fed was largely responsible for converting what might have been a garden-variety recession, although perhaps a fairly severe one, into a major catastrophe.…

— Milton Friedman