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As has been stated, the purpose of money is to split barter into two parts so that the seller is free to find his source of supply later and elsewhere. This is the sole purpose of money. Any effort to use money to serve another purpose is perversive and this statement condemns the entire managed money philosophy.

E.C. Riegel

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E.C. Riegel
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More quotes by E.C. Riegel

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Money can be issued only in the act of buying, and can be backed only in the act of selling. Any buyer who is also a seller is qualified to be a money issuer. Government, because it is not and should not be a seller, is not qualified to be a money issuer.
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Until we realize that our money power is our sovereign power we cannot act as sovereigns
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