Fed Reserve Quotes & Sayings

The drum-fire of propaganda that the Fed is manning the ramparts against the menace of inflation brought about by others is nothing less than a deceptive shell game. The culprit solely responsible for inflation, the Federal Reserve, is continually engaged in raising a hue-and-cry about 'inflation,' for which virtually everyone else in society seems to be responsible. What we are seeing is the old ploy by the robber who starts shouting 'Stop, thief!' and runs down the street pointing ahead at others. — Murray Rothbard

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

The Fed is pushing a variety of workarounds that would inject trillions in new money into the economy while bypassing the banking system altogether. Time will tell whether or not this will succeed. Meanwhile, a serious danger lurks around the corner. Once the recession is over, the lending will start again. With fractional-reserve banking and limitless supplies of cash on hand, we will likely see the overall price trends reversed, from deflation to inflation to possible hyperinflation. — Llewellyn Rockwell

Some people think the Federal Reserve Banks are US government institutions. They are not ... they are private credit monopolies which prey upon the people of the US for the benefit of themselves and their foreign and domestic swindlers, and rich and predatory money lenders. The sack of the United States by the Fed is the greatest crime in history. Every effort has been made by the Fed to conceal its powers, but the truth is the Fed has usurped the government. It controls everything here and it controls all our foreign relations. It makes and breaks governments at will. — Louis Thomas McFadden

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. — Timothy Geithner

Did anyone of those bullish investors ever think what would happen to the Treasury market if the Fed ever became a net seller of bonds? — Ziad K. Abdelnour

From the Great Depression, to the stagflation of the seventies, to the current economic crisis caused by the housing bubble, every economic downturn suffered by this country over the past century can be traced to Federal Reserve policy. The Fed has followed a consistent policy of flooding the economy with easy money, leading to a misallocation of resources and an artificial 'boom' followed by a recession or depression when the Fed-created bubble bursts. — Ron Paul

As bank customers, we tend to believe that we can have both perfect security for our money, drawing on it whenever we want and never expecting it not to be there, while still earning a regular rate of return. In a true free market, however, there tends to be a tradeoff: you can enjoy a money warehouse or you can hope for a return on your investment. You can't usually have both. The Fed, however, by backing up this fractional-reserve system with a promise of endless bailouts and money creation, attempts to keep the illusion going. — Ron Paul

I don't think it's possible for the Fed to end its easy-money policies in a trouble-free manner. Recent episodes in which Fed officials hinted at a shift toward higher interest rates have unleashed significant volatility in markets, so there is no reason to suspect that the actual process of boosting rates would be any different. I think that real pressure is going to occur not by the initiation by the Federal Reserve, but by the markets themselves. — Alan Greenspan

The Fed has one power that is unique to it alone: it enables the creation of money out of thin air. Sometimes it makes vast new amounts. Sometimes it makes lesser amounts. The money takes a variety of forms and enters the system in various ways. And the Fed does this through techniques such as open-market operations, changing reserve ratios, and manipulating interest rates, operations that all result in money creation. — Ron Paul

I don't think the Federal Reserve has any role in how high rates are right now. I don't understand why everyone is paying attention to this tapering. The Fed is using one kind of bond to buy another kind of bond. What's the big deal, and why is anyone taking the Fed seriously? — Eugene Fama

I strongly support liquidating the corporation that is the Federal
Reserve and returning to a monetary system based on a marketproduced
precious metal, like gold, which is represented by a currency
printed and managed by the U.S. Treasury Department as stipulated
by our Constitution. The assets currently owned by the Fed should
be liquidated and parceled out on a pro-rata basis to its creditors. All we need is the will. — Ziad K. Abdelnour

And let the Fed sell bonds to bring bank reserves back down to required reserve levels, so we have restraint on bank lending and bank issuances of liability. — Arthur Laffer

I was Chairman of the Federal Reserve Bank of Kansas City. As you know, there are twelve banks and they have their citizens board, and I got elected to the Fed Chairmanship for the Federal Reserve Kansas City Bank back in the mid-'90s. It might have been 1995-'96. — Herman Cain

Sneaky and underhanded, the Federal Reserve has been sucking the life blood out of the United States since 1913. Like a black widow spider, it weaves a web of corruption and deceit. Unknown to its prey, the FED's bite is poisonous, deep, long-lasting and brings financial upheaval and misery to Americans. — Jim McCarthy

Almost every Fed chairman in the past 60 years has manipulated
interest rates to brighten the economic outlook for incumbent presidents
or newly elected presidents who won by large margins. The
purchasing power of the U.S. dollar has fallen 94 percent in the past
100 years. The only way you can create inflation is by creating more
money that is backed by the same reserve assets; the Fed is the only
entity that can create more money. Ben Bernanke's quantitative easing
(QE) programs have pumped billions of unfunded dollars into the
economy, thereby setting us up for massive inflation in the very near
future. If this isn't a form of financial terrorism, it is incompetence of the highest order. — Ziad K. Abdelnour

since the creation of the U.S. Federal Reserve almost a century ago, we have printed roughly $800 billion from 1913 to 2007. But in 2013, the Fed printed more new money than that in just one year (see Figure 1.1) and will likely do the same in 2014. That's more money printing in one year than in nearly 100 years! — Robert A. Wiedemer

It's absolutely critical that we audit the Fed so the American people can see what's going on over there. Do it from top to bottom so that we can have transparency in this entity called the Federal Reserve. Hopefully, the American people will see that we need to go back to the gold standard, which I've introduced, and get rid of the Fed. — Paul Broun

Having examined the nature of fractional reserve and of central banking, and having seen how the questionable blessings of Central Banking were fastened upon America, it is time to see precisely how the Fed, as presently constituted, carries out its systemic inflation and its control of the American monetary system. — Murray Rothbard

The Fed's policy choices can always be debated, but the quality and commitment of the Federal Reserve as a public institution is second to none, and I am proud to lead it. — Ben Bernanke

Fletcher Von Pein was one of the twelve founders of the Omega Agency. He was also a powerful banker and a majority shareholder in the US Federal Reserve which, despite its misleading name, had zero government ownership and was actually a private corporation owned by the global elite. — James Morcan

The greatest threat facing America today
is the disastrous fiscal policies of our own government,
marked by shameless deficit spending and
Federal Reserve currency devaluation.
It is this one-two punch -
Congress spending more than it can tax or borrow,
and the Fed printing money to make up the difference -
that threatens to impoverish us by further
destroying the value of our dollars. — 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 Obama years will not inflate our way out of it. — 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 a monetary policy controlled by an unaccountable, secretive central bank. It is time to finally audit - and then end - the Fed. — Ron Paul

When the Federal Reserve Act was passed, the people of these United States did not perceive that a world banking system was being set up here. A super-state controlled by international bankers and international industrialists acting together to enslave the world for their own pleasure. Every effort has been made by the Fed to conceal its powers but the truth is - The Fed has usurped the government!! — Louis Thomas McFadden

Currently we're suffering from the fear instilled into Americans that another 9/11 is just around the corner. We've also been brainwashed into believing the Federal Reserve just saved us from a total financial collapse in the past seven years even though the Fed was one of the most important causes of the crisis. To deal with the threats of another attack and another financial crisis we are expected to complacently accept endless spending, endless debt, endless bailouts, endless inflation by the Federal Reserve, endless spending by the Congress, and even endless war. — Ron Paul

100 Years Is Enough: Time to Make the Fed a Public Utility — Ziad K. Abdelnour

Intellectually and compassionately explaining the reason freedom works is required for credibility. — Ron Paul