“There is nothing inherent wrong in effect with fiat money, provided we get perfect authority and God-like intelligence for kings” has been credited to Aristotle (384 B.C.-322 B.C.), but he never said it. The line was first credited to Aristotle in The Invisible Crash: What it is, why it happened, how to protect yourself against it (1975), by James Dines, and became popular on the Internet in the 2000s.
 
   
Google Books
The Invisible Crash:
What it is, why it happened, how to protect yourself against it
By James Dines
New York, NY: Ballantine Books
1975
Pg. 8:
There is nothing inherent wrong in effect with fiat money, provided we get perfect authority and God-like intelligence for kings.
 
Gold-Eagle.com
January 12, 2004
The Broken Cycle: Paradigm Shift
Jim Willie CB
(...)
The tragic decline of the United States is in progress. Despite the denial, we are seeing exactly what he preached. Aristotle had this to say about fiat money back in 340 B.C.
 
“In effect, there is nothing inherently wrong with fiat money, provided we get perfect authority and god-like intelligence for kings.”
 
Wall Street Bear Discussion Board
“The US Economy has itself de-evolved into a queer distended obese malnourished disfigured beast”
plantigrade - Mon, Jan 12, 2004 - 06:39 PM
(...)
The tragic decline of the United States is in progress. Despite the denial, we are seeing exactly what he preached. Aristotle had this to say about fiat money back in 340 B.C.:
 
“In effect, there is nothing inherently wrong with fiat money, provided we get perfect authority and god-like intelligence for kings.””
   
Google Groups: humanities.philosophy.objectivism
Galen Rutledge
7/27/06
(...)
“In effect, there is nothing inherently wrong with fiat money, provided we get perfect authority and god-like intelligence for kings.”
Aristotle, Greek philosopher and genius (384-322BC)
   
The Market Oracle
Gold Sharp Fall Despite Surging Investor Demand Blamed on Short-sellers
Oct 03, 2008 - 09:25 AM GMT
By: Mark_OByrne
(...)
Aristotle,  the Greek philosopher and genius (384-322BC)  wrote “in effect, there is nothing inherently wrong with fiat money, provided we get perfect authority and god-like intelligence for kings.”
 
Exposing Faux Capitalism
What Aristotle didn’t say about fiat money
February 12, 2011 by FauxCapitalist
The following quotation on fiat money is attributed to Aristotle, one of the fathers of Western thought, who lived from 384 to 322 BC.
 
“In effect, there is nothing inherently wrong with fiat money, provided we get perfect authority and god-like intelligence for kings.“
 
However, when I did a Google search for that quotation, it only produced 56 results, none of which cite the book that he allegedly was reported as saying that.
 
Google Books
$10,000 Gold:
Why Gold’s Inevitable Rise Is the Investor’s Safe Haven
By Nick Barisheff
Toronto: J. Wiley & Sons Canada
2012
Pg. ?:
Aristotle may have alluded to this problem over 2,400 years ago; he is often quoted as having said, “In effect, there is nothing inherently wrong with fiat money, provided we get perfect authority and godlike intelligence for kings.”
 
Twitter
Dan Popescu
‏@PopescuCo
“there is nothing inherently wrong with fiat money, provided we get perfect authority and godlike intelligence for kings.” Aristotle
10:04 AM - 10 Feb 13
   
TomWoods.com
April 15, 2013
The Greenbackers’ Fake Quote Industry
(...)
COMMENTS
FauxCapitalist Tom Woods • 5 hours ago −
Tom, while fake quotations are often cited by Greenbackers, there are also fake quotations cited by Austrian School adherents, such as this fake Aristotle quotation: “In effect, there is nothing inherently wrong with fiat money, provided we get perfect authority and god-like intelligence for kings.“ We can thank James Dines for propagating that one. I emailed him asking for his source, and he never responded.
 
barrypopik FauxCapitalist • 6 hours ago −
What date do you have Dines saying this? I have Jim Willie in January 2004:
http://barrypopik.com/index.ph…
 
FauxCapitalist barrypopik • 5 hours ago
From page 8 of his 1975 book, The Invisible Crash. http://books.google.ca/books?e...