Economics Quote by David Ricardo

Experience, however, shows that neither a state nor a bank ever have [sic] had the unrestricted power of issuing paper money without abusing that…

— David Ricardo

Money possesses no value to the state other than that given to it by circulation.

— Abraham Lincoln

Money could never have originated as paper.

— James Cook

The individual cannot bargain with the State. The State recognizes no coinage but power: and it issues the coins itself.

— Ursula K. Le Guin

It is unfortunately none too well understood that, just as the State has no money of its own, so it has no power of…

— Albert J. Nock

The modern banking system manufactures money out of nothing.

— Josiah Stamp

Apart from medieval China, which invented both paper and printing centuries before the West, the world had never seen government paper money until the…

— Murray Rothbard

To the best of my knowledge, there has never been a monetary union, putting out a fiat currency, composed of independent states.

— Milton Friedman

The power of love, as the basis of a State, has never been tried.

— Ralph Waldo Emerson

No public servant or legislator can claim any privacy to take money for conducting their official functions.

— Prashant Bhushan

Without the parallel development of systems of monetary - and credit-based exchange - there could have been no development of economies beyond the most…

— Peter Dicken

After all, a bank without assets is hardly a bank at all.

— Robert Kennedy