John Buchanan Robinson (May 23, 1846 – January 28, 1933) was a Republican member of the U.S. House of Representatives from Pennsylvania.
Modern money is almost altogether credit money.
According to your sympathy, you will take pleasure in your own happiness or in the happiness of other people; but it is always your own happiness you seek.
When not only gold but all commodities are available for the redemption of the paper currency, its volume is limited only by the value of all the wealth of the country, and it can never become insecure up to this limit.
Your thoughts and emotions are yours alone.
In precisely the same way money is often hired, and the hire paid for the use of it is called Interest.
In brief, egoism in its modern interpretation, is the antithesis, not of altruism, but of idealism.
The business of a bank is to lend money; which amounts, nowadays, to lending credit.
You are forever alone.
However near and dear to you may be your wife, children, friends, they are not you; they are outside of you.
Not an old woman that buys a paper of pins, without yielding a part of the price to the banks as interest!
Paper currency has hitherto been regarded with suspicion, as insecure.
At present, financial crises occur, chiefly because the paper currency is redeemable in gold only.
There is no word more generally misinterpreted than the word egoism, in its modern sense.
There is never enough gold to redeem all the currency in circulation.
Large sums were paid for the use of money, because the available amount of gold and silver was far less than was needed to carry on the commercial transactions of the times.
It is often said by reformers that government should be conducted upon business principles.