#banks

The process by which banks create money is so simple that the mind is repelled. ↗

— John Kenneth Galbraith

#create #mind #money #process #repelled

Is there any reason why the American people should be taxed to guarantee the debts of banks, any more than they should be taxed to guarantee the debts of other institutions, including merchants, the industries, and the mills of the country? ↗

— Carter Glass

#american people #any #banks #country #debts

In several sections, both natural in the banks of the Mississippi and its numerous arms, and where artificial canals had been cut, I observed erect stumps of trees, with their roots attached, buried in strata at different heights, one over the other. ↗

— Charles Lyell

#artificial #attached #banks #been #both

I am afraid that the ordinary citizen will not like to be told that the banks can and do create and destroy money. And they who control the credit of a nation direct the policy of governments, and hold in the hollow of their hands the destiny of the people. ↗

— Richard McKenna

#am #banks #citizen #control #create