It is not by augmenting the capital of the country, but by…
“It is not by augmenting the capital of the country, but by rendering a greater part of that capital active and productive than would otherwise be so, that the most judicious operations of banking can increase the industry of the country.”
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
Banking should activate idle capital, making it productive to boost national industry and economic health.
In simple terms: Banks turn unused money into productive investment.
Key Takeaway
Activate idle capital through banking.
Themes
economics
banking
productivity
capital
Mood
analytical
cautious
Type
economic
philosophical
When to use this quote
- Business planning
- policy making
- financial advising
- entrepreneurship
Key Concepts
Financial intermediation
investment
economic growth
Questions to Reflect On
- How can banks balance activation with risk?
- What policies ensure productive capital use?
A Different Perspective
Banking risks can lead to speculation and instability.