One of the biggest attractions of the euro is that it is seen as the most likely candidate to replace the dollar as the reserve currency.
Peter Schiff
In the long run, the euro as a fiat currency may very well fail like the U.S. dollar. (2006, before Greece)
Peter Schiff
Common experience is the gold reserve which confers an exchange value on the currency which words are; without this reserve of shared experiences, all our pronouncements are cheques drawn on insufficient funds.
Rene Daumal
If our nation can issue a dollar bond, it can issue a dollar bill. The element that makes the bond good, makes the bill good, also. The difference between the bond and the bill is the bond lets money brokers collect twice the amount of the bond and an additional 20%, whereas the currency pays nobody but those who contribute directly in some useful way. ... It is absurd to say our country can issue $30 million in bonds and not $30 million in currency. Both are promises to pay, but one promise fattens the usurers and the other helps the people.
Thomas Alva Edison
Truth's like a dollar-piece, it's got two sides, and both are wanted to make it good currency.
John Buchan
Our foreign aid program is not growing in size, it is, on the contrary, smaller now than in previous years. It has had its weaknesses, but we have undertaken to correct them. And the proper way of treating weaknesses is to replace them with strength, not to increase those weaknesses by emasculating essential programs. Dollar for dollar, in or out of government, there is no better form of investment in our national security than our much-abused foreign aid program.
John F. Kennedy
Schiff, Peter
Schiffer, Claudia
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