Saturday, January 15, 2011

Quote of the day...

"Gold is the money 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 Millenium

HT: Jim Sinclair

3 comments:

gdelassu said...

Fair enough, one quote deserves another...

"Having behind us the commercial interests and the laboring interests and all the toiling masses, we shall answer their demands for a gold standard by saying to them, you shall not press down upon the brow of labor this crown of thorns. You shall not crucify mankind upon a cross of gold." - William Jennings Bryan

John (Ad Orientem) said...

Bryan was not arguing against gold or sound money. He was arguing in favor of a bi-metal currency backed by both gold and silver. I know of few (if any) sound money advocates who would have an objection to that.

VSO said...

I like it