Ability Quote by Carroll Quigley
“Each central banksought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world.”
About This Quote
Source Book: Tragedy of American Diplomacy, 1964
Central banks seek political influence by controlling finance, shaping policy and rewarding allies.
In simple terms: Banks try to control politics via money.
Watch financial power in politics.
Themes
Mood
Type
When to use this quote
- policy analysis
- financial regulation
- campaign finance
- public advocacy
Key Concepts
Questions to Reflect On
- How does monetary control affect democracy?
- What safeguards exist?
Democratic checks may limit bank influence.