The Breakthrough Institute: Quote of the Day, October 3rd, 2008

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Quote of the Day, October 3rd, 2008

Posted by Adam Zemel on October 3, 2008 at 5:11 PM
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"I believe that banking institutions are more dangerous to our
liberties than standing armies. If the American people ever allow
private banks to control the issue of their currency, first by
inflation, then by deflation, the banks and corporations that will grow
up around the banks will deprive the people of all property until their
children wake-up homeless on the continent their fathers conquered."

-Thomas Jefferson, 1802.

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Filed under: Quote of the Day

TrackBacks (0) 6 COMMENTS:

Private banks don't control the issue of the currency and hence inflation/deflation. The Fed does.

Posted by: Robert L. www.neolibertarian.com at October 3, 2008 8:46 PM

I just published this in the LA times but what the hey, check it out:

Greens and Democrats are toast, say Nordhaus and Shellenberger, because we didn't argue for cheaper energy through new technology. Instead, we expected things to move via more expensive gasoline and emissions caps.

Did I hear anyone green or Democrat arguing against cheaper alternative energy? Thought not. And since when did scientific evidence become a reason to shy away from ecological action just because it wasn't popular?

Nordhaus and Shellenberger claim that we shouldn't have moved on ecological policy because "people" were less into global warming than "we" thought.

Imagine them writing an Op-Ed article just before slavery was abolished. Slavery shouldn't be abolished, they'd write, because people are less interested in abolition than the Washington elites think.

Our ecological emergency demands proactive choices, not reactive sideswipes.

Timothy Morton

Davis

The writer is a professor of literature and the environment at UC Davis.

PS: "the politics of possibility" could be read two ways:

(1) as an encouragement

(2) as a limitation (i.e. accept "reality"--"the market" etc. as it is)

Nordhaus and Shellenberger decry greens for talking about limits.

However, it seems they're prepared to imagine ecological meltdown more easily than an end to capitalism.

Posted by: Timothy Morton at October 5, 2008 9:27 AM

It's fake.
http://www.markturner.net/2008/10/01/tracing-the-bogus-thomas-jefferson-bank-quote/

Posted by: Fred at October 20, 2008 8:02 AM

It's fake.

http://www.markturner.net/2008/10/01/tracing-the-bogus-thomas-jefferson-bank-quote/

Posted by: Fred at October 20, 2008 8:14 AM

the FED is a private company/bank:D

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