Posts Tagged ‘function’

“The accumulation of money  (the act of banking) is a necessary function in our everyday lives. Without it there is no way we can enjoy the standard of living that is ours. But, as we have cited, the bankers have all but taken over the banking function in life and people have become ‘financial slaves’.” -Carlos Lara and Robert Murphy

“Gold is the currency of kings, silver is the money of gentlemen, barter is the money of peasants, but debt is the money of slaves.”

—Norm Franz, Money and Wealth in the New Millennium

“Indeed, many would say that, without debt, the world couldn’t function. Debt has always existed and always will. However, in eras past, debt often played a much smaller role, and those eras were marked by greater progress and productivity.” -Jeff Thomas

“Why do we use money?…  the social function of money is to facilitate economic calculation.

Money cannot do this if its future purchasing power is subject to violent swings because of political intervention….  sound money has desirable properties such as a predictable purchasing power.” -Robert Murphy

“Controlling the Banking function is the primary goal.” -R. Nelson Nash