Business Quote by Charles Lindbergh
“The manipulation of credit has been the most potent of all methods employed by financiers as a means of controlling commerce and fixing prices.We are all consumers and should all be producers.This credit is a tax upon humanity as if government bonds were issued and people were obliged to pay it.”
About This Quote
Source Article: The Economics of Credit, 1934
Credit manipulation serves as a powerful tool for financiers to control markets, effectively acting as a tax on consumers similar to forced government bonds.
In simple terms: Credit is used to control economies.
Key Takeaway
Beware financial manipulation.
Themes
economics
finance
power
Mood
analytical
cautious
Type
economic
critical
When to use this quote
- investment
- policy making
- consumer advocacy
- banking
Key Concepts
credit systems
market control
taxation
consumer rights
Questions to Reflect On
- How can individuals protect themselves from credit exploitation?
- What reforms could limit credit abuse?
A Different Perspective
Complex financial mechanisms can be hard to regulate.
![“[S]ometimes, when you are a food person, the possible irrelevance of what you are doing doesn’t cross your mind until it’s too late. (Once, for example, when I was just starting out in the food business, I was hired by the caper people to develop a lot of recipes using capers, and it was weeks of…” quote by Nora Ephron](https://sms4smile.com/quotes/img-quotes/d79/nora-ephron-1217_business_s-ometimes-when-you-are-a-food-person-th_980.jpg)
![“If the State does not acquire supremacy over [vast private] enterprises, it becomes their puppet, and they become the real State.” quote by Bertrand Russell](https://sms4smile.com/quotes/img-quotes/bad/bertrand-russell-69_acquire_if-the-state-does-not-acquire-supremacy_1379.jpg)