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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.” quote by Carroll Quigley
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“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.”

Carroll Quigley

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.

Key Takeaway

Watch financial power in politics.

Themes

politics economics power dynamics

Mood

critical analytical

Type

political historical

When to use this quote

  • policy analysis
  • financial regulation
  • campaign finance
  • public advocacy

Key Concepts

monetary policy political economy elite influence

Questions to Reflect On

  • How does monetary control affect democracy?
  • What safeguards exist?
A Different Perspective

Democratic checks may limit bank influence.

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