If the American government can't stand behind the dollar, the world's benchmark currency, then the global financial system will very likely enter a new era in which there is much less trade and much less economic growth. It would be, by most accounts, the largest self-imposed financial disaster in history.
Adam DavidsonRelated topics
behind currency enter era government history less likely stand trade global benchmarkRelated quotes
I stand on this rostrum with a sense of deep humility and great pride - humility in the weight of those great American architects of our history who have stood here before me; pride in the reflection that this home of legislative debate represents human liberty in the purest form yet devised.
Douglas MacArthur
The poor man who takes property by force is called a thief, but the creditor who can by legislation make a debtor pay a dollar twice as large as he borrowed is lauded as the friend of a sound currency. The man who wants the people to destroy the Government is an anarchist, but the man who wants the Government to destroy the people is a patriot.
William Jennings Bryan
We cannot live without trade. A society can neither advance nor improve without excess of disposable income. This excess can only be amassed through the production of goods and services necessary or attractive to the mass. A financial system which allows this leads to inequality; one that does not leads to mass starvation.
David Mamet