The life-efficiency and adaptability of the computer must be questioned. Its judicious use depends upon the availability of its human employers quite literally to keep their own heads, not merely to scrutinize the programming but to reserve for themselves the right of ultimate decision. No automatic system can be intelligently run byautomatonsor by people who dare not assert human intuition, human autonomy, human purpose.
So: if the chronic inflation undergone by Americans, and in almost every other country, is caused by the continuing creation of new money, and if in each country its governmental "Central Bank" (in the United States, the Federal reserve) is the sole monopoly source and creator of all money, who then is responsible for the blight of inflation? Who except the very institution that is solely empowered to create money, that is, the Fed (and the Bank of England, and the Bank of Italy, and other central banks) itself?murray rothbard
Examining the organization and function of the Federal reserve Banks, and applying the relevant factors, we conclude that the reserve Banks are not federal instrumentalities for purposes of the FTCA [Federal Tort Claims Act], but are independent, privately owned and locally controlled corporations.
Il se faut reserver une arriere boutique toute nostre, toute franche, en laquelle nous establissons nostre vraye liberte et principale retraite et solitude. We must reserve a backshop, wholly our own and entirely free, wherein to settle our true liberty, our principle solitude and retreat.
I endorse without reserve the much-abused sentiment of Gov. M'Duffie, that "slavery is the corner stone of our Republican edifice;" while I repudiate, as ridiculously absurd, that much-lauded but nowhere accredited dogma of Mr. Jefferson, that "all men are born equal."james henry hammond
The truth is, I do indulge myself a little the more in pleasure, knowing that this is the proper age of my life to do it; and out of my observation that most men that do thrive in the world, do forget to take pleasure during the time that they are getting their estate, but reserve that till they have got one, and then it is too late for them to enjoy it with any pleasure.Samuel Pepys
To condemn your sin in another is hypocrisy. Not to condemn is to reserve your right to sin.james richardson
I have resolved, if our interview is conducted in the usual manner, and it pleases God to give me the opportunity, to reserve and throw away my first fire, and I have thoughts even of reserving my second fire.Alexander Hamilton
I believe that the human race has developed a form of collective schizophrenia in which we are not only the slaves to this imposed thought behavior, but we are also the police force of it. The reason most people don't express their individuality and actually deny it, is not fear of what prime ministers think of us or the head of the federal reserve, It's what their families and their friends down at the bar are going to think of them.david icke
Life is a hideous thing, and from the background behind what we know of it peer daemoniacal hints of truth which make it sometimes a thousandfold more hideous. Science, already oppressive with its shocking revelations, will perhaps be the ultimate exterminator of our human species if separate species we be for its reserve of unguessed horrors could never be borne by mortal brains if loosed upon the world.h. p. lovecraft
I assume there is such a thing as Central Europe, even though many people deny its existence, beginning with statesmen and journalists who persist in calling it "Eastern Europe" and ending with my friend Joseph Brodsky, who prefers to reserve for it the name of "Western Asia." In these decades of the 20th century, Central Europe seems to exist only in the minds of some of its intellectuals.
More than a billion women around the world want to emulate western women's lifestyles and are rapidly acquiring the material ability to do so. It is therefore vital that in our leadership we display some reserve and responsibility in our spending so that the world's finite resources will be available for our children, their children and their children's childrenlouise burfitt-dons
They say all lovers swear more performance than they are able, and yet reserve an ability that they never perform.
Philosophy goes no further than probabilities, and in every assertion keeps a doubt in reserve.james anthony froude
The reserve of modern assertions is sometimes pushed to extremes, in which the fear of being contradicted leads the writer to strip himself of almost all sense and meaning.
No major institution in the US has so poor a record of performance over so long a period as the Federal reserve, yet so high a public reputation.Milton Friedman
The Federal reserve definitely caused the Great Depression by contracting the amount of money in circulation by one-third from 1929 to 1933Milton Friedman
It could be said now that all animals live in zoos, whether it is a zoo in Regent's Park, London or a Nigerian Game reserve. Perhaps what's left to argue is only the zoo's quality.Peter Greenaway
[Australian reserve Bank] Governor MacFarlane said recently when Paul Volcker broke the back of American inflation it's regarded as the policy triumph of the Western world. When I broke the back of Australian inflation they say, "Oh, you're the fellow that put the interest rates up." Am I not the same fellow that gave them the 15 years of good growth and high wealth that came from it?paul keating
Hyperinflation is not going to happen in this country, will never happen... The Fed putting so much money into the system is not going to create the risk of hyperinflation in the future. We have a strong independent Federal reserve with a very strong mandate from the Congress, and they will do what's necessary to keep inflation low and stable over time.
The investment banks should either choose to be regulated as banks or should arrange to conduct their affairs to not require the stop-gap support of the Federal reserve.