“As long as we issue fiat currency, I see no alternative to a legal tender law.”

If all currencies are moving up or down together, the question is: relative to what? Gold is the canary in the coal mine.

Without the triggers, that tax cut is irreponsible fiscal policy. Eventually, I think that will be the consensus view.

I’ve always argued that this country has benefited immensely from the fact that we draw people from all over the world.

By far the most significant event in finance during the past decade has been the extraordinary development and expansion of financial derivatives.

I didn’t believe in absolutes, moral or otherwise. If I couldn’t prove a proposition with facts and figures, it was without merit.

It is decidedly not true that “nice guys finish last,” as that highly original American baseball philosopher, Leo Durocher, was alleged to have said.

Excessive optimism shows the seeds of its own reversal in the form of imbalances that tend to grow over time.

Gold stands in the way of this insidious process. It stands as a protector of property rights.

The worst have failed; investors no longer fund them and are not likely to in the future.

History demonstrates that participants in financial markets are susceptible to waves of optimism.

But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over the past decade?

I think that real pressure is going to occur not by the initiation by the Federal Reserve, but by the markets themselves.

The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default.

We need, in effect, to make the phantom ‘lock-boxes’ around the trust fund real.

The process of innovation is, of course, never ending.

In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.

People love you when they on your mind. A thought is love’s currency.

Cryptocurrency can make you good money and in the startup, you will do better with guidance.

Thoughts are mental energy; they’re the currency that you have to attract what you desire. Learn to stop spending that currency on thoughts you don’t want.

Digital currencies are more profitable than e-commerce. 

Just as money is not real, consumable wealth, books are not life. To idolize scriptures is like eating paper currency.

Compassion is the currency that leads to true wealth.

The effect you have on others is the most valuable currency there is.

The chief duty of the National Government in connection with the currency of the country is to coin money and declare its value.