--- title: "Meaning & Key Takeaway of: Nothing good can come from the Federal…" description: "\"Nothing good can come from the Federal Reserve. It is the biggest taxer of them all. Diluting the value of the dollar by increasing its supply is a vic..." image: "https://sms4smile.com/quotes/i/1f4/ron-paul-686_class_nothing-good-can-come-from-the-federal-r_1104166.png" --- # Nothing good can come from the Federal Reserve. It is the… ![“Nothing good can come from the Federal Reserve. It is the biggest taxer of them all. Diluting the value of the dollar by increasing its supply is a vicious, sinister tax on the poor and middle class.” quote by Ron Paul](https://sms4smile.com/quotes/i/1f4/ron-paul-686_class_nothing-good-can-come-from-the-federal-r_1104166.png) [Download](https://sms4smile.com/quotes/i/1f4/ron-paul-686_class_nothing-good-can-come-from-the-federal-r_1104166.png) [Open image](https://sms4smile.com/quotes/i/1f4/ron-paul-686_class_nothing-good-can-come-from-the-federal-r_1104166.png) > “Nothing good can come from the Federal Reserve. It is the biggest taxer of them all. Diluting the value of the dollar by increasing its supply is a vicious, sinister tax on the poor and middle class.” [Ron Paul](https://sms4smile.com/quotes/author/ron-paul/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. The statement argues that the Federal Reserve's monetary expansion acts as a hidden tax, disproportionately harming lower and middle-income individuals. **In simple terms:** Monetary policy can be a hidden tax on the poor. Key Takeaway Advocate for monetary transparency and restraint. Themes economics inflation taxation Mood skeptical analytical Type political economic When to use this quote - budget planning - policy debate - personal finance Key Concepts monetary policy wealth distribution Questions to Reflect On - Is a strong currency more important than economic growth? - What alternatives exist to current monetary policy? A Different Perspective Some argue that inflation can stimulate economic activity. ★ ★ ★ ★ ★ No ratings yet [Class](https://sms4smile.com/quotes/about/class/) [Customer](https://sms4smile.com/quotes/about/customer/) [Diluting Value](https://sms4smile.com/quotes/about/diluting-value-2909119/) [Dollar](https://sms4smile.com/quotes/about/dollar/) [Dollars](https://sms4smile.com/quotes/about/dollars/) [Federal reserve](https://sms4smile.com/quotes/about/federal-reserve/) [Middle](https://sms4smile.com/quotes/about/middle/) [Middle class](https://sms4smile.com/quotes/about/middle-class/) [Poor](https://sms4smile.com/quotes/about/poor/) [Reserves](https://sms4smile.com/quotes/about/reserves/) [Sinister](https://sms4smile.com/quotes/about/sinister/) [Sinister Tax](https://sms4smile.com/quotes/about/sinister-tax-2909118/) [Tax Poor](https://sms4smile.com/quotes/about/tax-poor-1786518/) [Taxes](https://sms4smile.com/quotes/about/taxes/) [Values](https://sms4smile.com/quotes/about/values/) [Vicious](https://sms4smile.com/quotes/about/vicious/) ## Related quotes > [Tax is for the poor or the stupid people.](https://sms4smile.com/quotes/dhirubhai-ambani/tax-is-for-the-poor-or-the-stupid-people/) [Dhirubhai Ambani](https://sms4smile.com/quotes/author/dhirubhai-ambani/) > [The Obama-Clinton energy restrictions are a massive tax on the poor that disproportionately impacts communities of color. I will lift these restrictions, creating millions…](https://sms4smile.com/quotes/donald-trump/the-obama-clinton-energy-restrictions-are-a-massive-tax-on-the-poor/) [Donald Trump](https://sms4smile.com/quotes/author/donald-trump/) > [The tax that was supposed to soak the rich has instead soaked America. The beneficiary of the income tax has not been the poor,…](https://sms4smile.com/quotes/paul-craig-roberts/the-tax-that-was-supposed-to-soak-the-rich-has-instead-soaked-america/) [Paul Craig Roberts](https://sms4smile.com/quotes/author/paul-craig-roberts/) > [The financial markets are rigged by the big banks, the Federal Reserve, and the Treasury in the interests of the profits of the few…](https://sms4smile.com/quotes/paul-craig-roberts/the-financial-markets-are-rigged-by-the-big-banks-the-federal-reserve/) [Paul Craig Roberts](https://sms4smile.com/quotes/author/paul-craig-roberts/) > [A U.S. dollar is an IOU from the Federal Reserve Bank. It's a promissory note that doesn't actually promise anything. It's not backed by…](https://sms4smile.com/quotes/p-j-o-rourke/a-u-s-dollar-is-an-iou-from-the-federal-reserve-bank-it-s-a/) [P. J. O'Rourke](https://sms4smile.com/quotes/author/p-j-o-rourke/) > [As the dollar's exchange value declines, so will the value of dollar-denominated financial instruments, regardless of how many bonds the Federal Reserve purchases.](https://sms4smile.com/quotes/paul-craig-roberts/as-the-dollar-s-exchange-value-declines-so-will-the-value-of-dollar/) [Paul Craig Roberts](https://sms4smile.com/quotes/author/paul-craig-roberts/) > [After the 1929 crash, the Federal Reserve mistakenly focused its policies on preserving the gold value of the dollar rather than on stabilizing the…](https://sms4smile.com/quotes/ben-bernanke/after-the-1929-crash-the-federal-reserve-mistakenly-focused-its/) [Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/) > [The most sinister of all taxes is the inflation tax and it is the most regressive. It hits the poor and the middle class.…](https://sms4smile.com/quotes/ron-paul/the-most-sinister-of-all-taxes-is-the-inflation-tax-and-it-is-the/) [Ron Paul](https://sms4smile.com/quotes/author/ron-paul/) > [First reason is, it's not authorized in the Constitution, it's an illegal institution. The second reason, it's an immoral institution, because we have delivered…](https://sms4smile.com/quotes/ron-paul/first-reason-is-it-s-not-authorized-in-the-constitution-it-s-an/) [Ron Paul](https://sms4smile.com/quotes/author/ron-paul/) > [“For the same reason a disease cannot be cured by more of the germ that caused it, the inflation and debt accumulation of the…](https://sms4smile.com/quotes/ron-paul/for-the-same-reason-a-disease-cannot-be-cured-by-more-of-the-germ/) [Ron Paul](https://sms4smile.com/quotes/author/ron-paul/) > [It is no coincidence that the century of total war coincided with the century of central banking.](https://sms4smile.com/quotes/ron-paul/it-is-no-coincidence-that-the-century-of-total-war-coincided-with-the/) [Ron Paul](https://sms4smile.com/quotes/author/ron-paul/) > [The greatest threat facing America today is the disastrous fiscal policies of our own government, marked by shameless deficit spending and Federal Reserve currency…](https://sms4smile.com/quotes/ron-paul/the-greatest-threat-facing-america-today-is-the-disastrous-fiscal/) [Ron Paul](https://sms4smile.com/quotes/author/ron-paul/) > [Quantitative easing is just the latest chapter in the Federal Reserve’s hundred-year history of failure. (...) The American people have suffered long enough under…](https://sms4smile.com/quotes/ron-paul/quantitative-easing-is-just-the-latest-chapter-in-the-federal-reserve/) [Ron Paul](https://sms4smile.com/quotes/author/ron-paul/) > [The Federal Reserve and Congress have systematically taught the American people to trust the government and that caution in spending is harmful to the…](https://sms4smile.com/quotes/ron-paul/the-federal-reserve-and-congress-have-systematically-taught-the/) [Ron Paul](https://sms4smile.com/quotes/author/ron-paul/) > [Prices are going up. Unemployment is continue to go up. And we have not had the necessary correction for the financial bubble created by…](https://sms4smile.com/quotes/ron-paul/prices-are-going-up-unemployment-is-continue-to-go-up-and-we-have-not/) [Ron Paul](https://sms4smile.com/quotes/author/ron-paul/) ## More by Ron Paul > [Washington bureaucrats have classified the very air we exhale as a pollutant and have gone unchallenged in this incredible assertion. The logical consequence is…](https://sms4smile.com/quotes/ron-paul/washington-bureaucrats-have-classified-the-very-air-we-exhale-as-a/) [Ron Paul](https://sms4smile.com/quotes/author/ron-paul/) > [I'm an imperfect messenger, but the message is perfect.](https://sms4smile.com/quotes/ron-paul/i-m-an-imperfect-messenger-but-the-message-is-perfect/) [Ron Paul](https://sms4smile.com/quotes/author/ron-paul/) > [History has shown that the masses have been quite receptive to the promises of authoritarians which are rarely if ever fulfilled,](https://sms4smile.com/quotes/ron-paul/history-has-shown-that-the-masses-have-been-quite-receptive-to-the/) [Ron Paul](https://sms4smile.com/quotes/author/ron-paul/) > [The reality is that our military presence on foreign soil is as offensive to the people that live there as armed Chinese troops would…](https://sms4smile.com/quotes/ron-paul/the-reality-is-that-our-military-presence-on-foreign-soil-is-as/) [Ron Paul](https://sms4smile.com/quotes/author/ron-paul/) > [Right now, nobody legalized paper money. Where did that come from.](https://sms4smile.com/quotes/ron-paul/right-now-nobody-legalized-paper-money-where-did-that-come-from/) [Ron Paul](https://sms4smile.com/quotes/author/ron-paul/) > [Real patriotism is a willingness to challenge the government when it's wrong.](https://sms4smile.com/quotes/ron-paul/real-patriotism-is-a-willingness-to-challenge-the-government-when-it/) [Ron Paul](https://sms4smile.com/quotes/author/ron-paul/) > [Expect the rapidly expanding homeschooling movement to play a significant role in the revolutionary reforms needed to build a free society with Constitutional protections.](https://sms4smile.com/quotes/ron-paul/expect-the-rapidly-expanding-homeschooling-movement-to-play-a/) [Ron Paul](https://sms4smile.com/quotes/author/ron-paul/) > [“Intellectually and compassionately explaining the reason freedom works is required for credibility.”](https://sms4smile.com/quotes/ron-paul/intellectually-and-compassionately-explaining-the-reason-freedom/) [Ron Paul](https://sms4smile.com/quotes/author/ron-paul/) > [Governments have nothing. They can't create anything, they never have. All they can do is steal from one group and give it to another…](https://sms4smile.com/quotes/ron-paul/governments-have-nothing-they-can-t-create-anything-they-never-have/) [Ron Paul](https://sms4smile.com/quotes/author/ron-paul/) > [Why is it is claimed that if people won't or can't take care of their own needs, that people in government can do it…](https://sms4smile.com/quotes/ron-paul/why-is-it-is-claimed-that-if-people-won-t-or-can-t-take-care-of-their/) [Ron Paul](https://sms4smile.com/quotes/author/ron-paul/) > [It is dissent from government policies which defines the true Patriot](https://sms4smile.com/quotes/ron-paul/it-is-dissent-from-government-policies-which-defines-the-true-patriot/) [Ron Paul](https://sms4smile.com/quotes/author/ron-paul/) > [The moral and constitutional obligations of our representatives in Washington are to protect our liberty, not coddle the world, precipitating no-win wars, while bringing…](https://sms4smile.com/quotes/ron-paul/the-moral-and-constitutional-obligations-of-our-representatives-in/) [Ron Paul](https://sms4smile.com/quotes/author/ron-paul/) > [I will veto any spending bill that contains funding for Planned Parenthood, facilities that perform abortion and all government family planning schemes.](https://sms4smile.com/quotes/ron-paul/i-will-veto-any-spending-bill-that-contains-funding-for-planned/) [Ron Paul](https://sms4smile.com/quotes/author/ron-paul/) > [Prices are going up. Unemployment is continue to go up. And we have not had the necessary correction for the financial bubble created by…](https://sms4smile.com/quotes/ron-paul/prices-are-going-up-unemployment-is-continue-to-go-up-and-we-have-not/) [Ron Paul](https://sms4smile.com/quotes/author/ron-paul/) > [Scientifically, there's no debate over whether the fetus is alive and human.](https://sms4smile.com/quotes/ron-paul/scientifically-there-s-no-debate-over-whether-the-fetus-is-alive-and/) [Ron Paul](https://sms4smile.com/quotes/author/ron-paul/) [Explore all 411 Ron Paul quotes ](https://sms4smile.com/quotes/author/ron-paul/) ## More Class quotes > [Where I grew up, learning was a collective activity. But when I got to school and tried to share learning with other students that…](https://sms4smile.com/quotes/henry-giroux/where-i-grew-up-learning-was-a-collective-activity-but-when-i-got-to/) [Henry Giroux](https://sms4smile.com/quotes/author/henry-giroux/) > [If I had to guess and put a name on it, I'd say that at some point, the drug war was as much a…](https://sms4smile.com/quotes/david-simon/if-i-had-to-guess-and-put-a-name-on-it-i-d-say-that-at-some-point-the/) [David Simon](https://sms4smile.com/quotes/author/david-simon/) > [I grew up in the middle class.](https://sms4smile.com/quotes/anthony-scaramucci/i-grew-up-in-the-middle-class/) [Anthony Scaramucci](https://sms4smile.com/quotes/author/anthony-scaramucci/) > [It must be assumed and established as a principle, that the right of private property must be regarded as sacred. Wherefore, the law ought…](https://sms4smile.com/quotes/pope-leo-xiii/it-must-be-assumed-and-established-as-a-principle-that-the-right-of/) [Pope Leo XIII](https://sms4smile.com/quotes/author/pope-leo-xiii/) > [The rich people are apparently leaving America. They're giving up their citizenship. These great lovers of America who made their money in this country-when…](https://sms4smile.com/quotes/bernie-sanders/the-rich-people-are-apparently-leaving-america-they-re-giving-up/) [Bernie Sanders](https://sms4smile.com/quotes/author/bernie-sanders/) > [I certainly don't think that the heirs of the American Revolution were a particularly noble class.](https://sms4smile.com/quotes/h-w-brands/i-certainly-don-t-think-that-the-heirs-of-the-american-revolution/) [H. W. Brands](https://sms4smile.com/quotes/author/h-w-brands/) > [You’re crazy,” said her best friend, Angela, as the bell rang to signal five minutes before the first class on the first day back…](https://sms4smile.com/quotes/sarah-rees-brennan/you-re-crazy-said-her-best-friend-angela-as-the-bell-rang-to-signal/) [Sarah Rees Brennan](https://sms4smile.com/quotes/author/sarah-rees-brennan/) > [“Poor people do not go on holiday; they go home.”](https://sms4smile.com/quotes/mokokoma-mokhonoana/poor-people-do-not-go-on-holiday-they-go-home/) [Mokokoma Mokhonoana](https://sms4smile.com/quotes/author/mokokoma-mokhonoana/) > [Because there are three classes of intellects: one which comprehends by itself; another which appreciates what others comprehend; and a third which neither comprehends…](https://sms4smile.com/quotes/niccolo-machiavelli/because-there-are-three-classes-of-intellects-one-which-comprehends/) [Niccolo Machiavelli](https://sms4smile.com/quotes/author/niccolo-machiavelli/) > [Right now, for many Americans, class is being foregrounded like never before because of the economic situation. It doesn't mean that race doesn't matter,…](https://sms4smile.com/quotes/bell-hooks/right-now-for-many-americans-class-is-being-foregrounded-like-never/) [Bell Hooks](https://sms4smile.com/quotes/author/bell-hooks/) > [But I don't think the Democratic Party is at eye level with the middle class.](https://sms4smile.com/quotes/anonymous/but-i-don-t-think-the-democratic-party-is-at-eye-level-with-the/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [I'm not a dancer. Never took a dance class.](https://sms4smile.com/quotes/chrishell-stause/i-m-not-a-dancer-never-took-a-dance-class/) [Chrishell Stause](https://sms4smile.com/quotes/author/chrishell-stause/) > [Most startups are not just built for the person who is using them. When you do that, every now and then you get really…](https://sms4smile.com/quotes/emmett-shear/most-startups-are-not-just-built-for-the-person-who-is-using-them/) [Emmett Shear](https://sms4smile.com/quotes/author/emmett-shear/) > [The structure of the Swiss ruling class is rock-hard, and unchanged since the time of Napoleon. They sit on their mountains and lecture the…](https://sms4smile.com/quotes/jean-ziegler/the-structure-of-the-swiss-ruling-class-is-rock-hard-and-unchanged/) [Jean Ziegler](https://sms4smile.com/quotes/author/jean-ziegler/) > [We are not going back to the failed policies of the past. We are fighting for the middle class!](https://sms4smile.com/quotes/nancy-pelosi/we-are-not-going-back-to-the-failed-policies-of-the-past-we-are/) [Nancy Pelosi](https://sms4smile.com/quotes/author/nancy-pelosi/) [Browse all 7,637 Class quotes ](https://sms4smile.com/quotes/about/class/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "Nothing good can come from the Federal Reserve. It is the biggest taxer of them all. Diluting the value of the dollar by increasing its supply is a vicious, sinister tax on the poor and middle class.", "creator": { "@type": "Person", "name": "Ron Paul" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/ron-paul/nothing-good-can-come-from-the-federal-reserve-it-is-the-biggest/", "about": { "@type": "Thing", "name": "Class" }, "@id": "https://sms4smile.com/quotes/ron-paul/nothing-good-can-come-from-the-federal-reserve-it-is-the-biggest/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/1f4/ron-paul-686_class_nothing-good-can-come-from-the-federal-r_1104166.png", "contentUrl": "https://sms4smile.com/quotes/i/1f4/ron-paul-686_class_nothing-good-can-come-from-the-federal-r_1104166.png", "url": "https://sms4smile.com/quotes/i/1f4/ron-paul-686_class_nothing-good-can-come-from-the-federal-r_1104166.png", "width": 1080, "height": 1080, "caption": "“Nothing good can come from the Federal Reserve. It is the biggest taxer of them all. Diluting the value of…” — Ron Paul", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Ron Paul", "item": "https://sms4smile.com/quotes/author/ron-paul/" }, { "@type": "ListItem", "position": 4, "name": "Nothing good can come from the...", "item": "https://sms4smile.com/quotes/ron-paul/nothing-good-can-come-from-the-federal-reserve-it-is-the-biggest/" } ], "@id": "https://sms4smile.com/quotes/ron-paul/nothing-good-can-come-from-the-federal-reserve-it-is-the-biggest/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```