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"At present, financial crises occur, chiefly because the paper currency is redeemable in gold only."
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"Money is a compensation for time spent."
"All that the State need do, and can do, in order to preserve the monetary system undisturbed, is to refrain from such intervention. That is the essence of the monetary theory of the classical economists and their immediate successors, the Currency School. It is possible to refine and amplify this doctrine with the aid of the modern subjective theory; but it is impossible to overthrow it, and impossible to put anything else in its place. Those who are able to forget it only show that they are unable to think as economists."
"If you solely focus only on financial survival then that is where you will always be."
"Investing is a simple process of taking into account the present value and future value. The other major factor to understand here, is what you lose as a result of inaction. Consider what you can gain and what you can lose in your decision."
Explore more quotes by John Buchanan Robinson
"It is often said by reformers that government should be conducted upon business principles."
"In this way, the charge that the bank makes for the use of its notes - the interest - is a continual and universal tax upon all the members of the community."
"In precisely the same way money is often hired, and the hire paid for the use of it is called Interest."
"But the egoist has no ideals, for the knowledge that his ideals are only his ideals, frees him from their domination. He acts for his own interest, not for the interest of ideals."
"When not only gold but all commodities are available for the redemption of the paper currency, its volume is limited only by the value of all the wealth of the country, and it can never become insecure up to this limit."
"It was the king's army, the king's people, the king's taxes; and he who questioned the propriety of the royal prerogative of taking from his people without return or accounting, was reckoned, and felt himself to be, a criminal, guilty of the highest crime of disloyalty."
"In brief, egoism in its modern interpretation, is the antithesis, not of altruism, but of idealism."
"Not an old woman that buys a paper of pins, without yielding a part of the price to the banks as interest!"
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