Quotes from G. Edward Griffin

the result will be the expansion of government.

From 1981 to 1991, the average return on ten-year Treasury bills was 10.4 per cent; the Dow Jones Industrial Average was 12.9 per cent; and the average return on so-called junk bonds was 14.1 per cent.

Thus, open taxes at some level serve to perpetuate public ignorance which is essential to the success of the scheme. The second reason is that taxes, particularly progressive taxes, are weapons by which elitist social planners can wage war on the middle class.

Led by Communist organizers, mobs roamed the streets shouting "We're hungry. Steal what you will!" The nation was hopelessly in debt with no way to repay.

And so, when more than 1900 S&L's went belly-up in the Great Depression, Herbert Hoover—and a most willing Congress—created the Federal Home Loan Bank Board to protect depositors in the future.

While the Marxists were promising a chicken in every pot, the New Dealers were winning elections by pushing for a house on every lot. In

the FHA-induced easy credit began to push up the price of houses for the middle class, and that quickly offset any real advantage of the subsidy.

Slavery was an issue, but the primary force for war was a clash between the economic interests of the North and the South. Even the issue of slavery itself was based on economics. It may have been a moral issue in the North where prosperity was derived from the machines of heavy industry, but in the agrarian South, where fields had to be tended by vast work forces of human labor, the issue was primarily a matter of economics.

usually this starts out as an inefficient dictatorship, but by the time they get the U.N. money, it ends up as an efficient dictatorship

To oppose corruption in government is the highest obligation of patriotism.

Error is better than apathy. Error can be corrected in time to change the outcome. Apathy is seldom corrected until it is too late.

Almost all of history is an unbroken trail of one conspiracy after another. Conspiracies are the norm, not the exception.

Knowledge by itself is not power, but it holds the potential for power if we use it a s a guide for action. Truth will always be defeated by tyranny unless the people are willing to step forward and put their lives into the battle. The future belongs, not to ideas, but to people who act on those ideas.

Collectivism and freedom are mortal enemies. Only one will survive

It is not enough to know what we are against. We must also know what we are for.

The new business model for America is clearly recognizable. Its dominant feature is the merger of government, real estate, and commerce into a single structure, tightly controlled at the top. It is the same model used in Soviet Russia, Nazi Germany, Fascist Italy, and Communist China.

This, of course, is a classic example of the failure of liberal economics. When evaluating a policy, it focuses only on one beneficial consequence for one group of people and ignores the multitude of harmful effects which befall all other groups.

Behind the troubled banks and the increasingly troubled insurance agencies stands "the full faith and credit" of the Government—in effect, a promise, sure to be honored by Congress, that all citizens will chip in through taxes or through inflation to make all depositors whole.80

People who will not turn a shovel full of dirt on the project nor contribute a pound of materials will collect more money...than will the people who will supply all the materials and do all the work.56

So they demonstrate in the streets in protest, they riot in the commercial sections of town so they can steal goods from stores, and they throng to the banner of politicians who promise to restore or increase their benefits.

The circular which was distributed to attract subscribers to the Bank's initial stock offering explained: "The Bank hath benefit of interest on all the moneys which it, the Bank, creates out of nothing.

The weakest S&L's paid the highest interest rates to attract depositors and they are the ones which obtained the large blocks of brokered funds. Brokers no longer cared how weak the operation was, because the funds were fully insured. They just cared about the interest rate. On the other hand

The Gam-St. Germain Act allowed the thrifts to lend an amount of money equal to the appraised value of real estate rather than the market value. It wasn't long before appraisers were receiving handsome fees for appraisals that were, to say the least, unrealistic.

When the fund was exhausted, the solvent banks were punished by being forced to pay for the deficits of the insolvent ones.