We in the Congress have a moral and constitutional obligation to protect the value of the dollar and to understand why it is so important to the economy that a central bank not be given the unbelievable power of inflating a currency at will and pretending that it knows how to fine-tune an economy through this counterfeit system of money.

1913 wasn't a very good year. 1913 gave us the income tax, the 16th amendment and the IRS.

We have a greater responsibility to act than those who live in ignorance. Once you become knowledgeable, you have an obligation to do something about it.

If two parties with two sets of bad ideas cooperate, the result is not good policy, but policy that is extremely bad. What we really need are correct economic and politcal ideas, regardless of the party that pushes them.

We can achieve much more in peace than we can ever achieve in these needless, unconstitutional, undeclared wars.

Freedom is living without government coercion. So when a politician talks about freedom for this group or that, ask yourself whether he is advocating more government action or less.

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.