Bank Quote by G. Edward Griffin
“An overview of all wars since the establishment of the Bank of England in 1694 suggests that most of them would have been greatly reduced in severity, or perhaps not even fought at all, without fiat money.”
About This Quote
Source Book: The Money Monopoly by G. Edward Griffin, 2007
The quote argues that fiat currency fuels wars, implying that a commodity-backed system would lessen conflict.
In simple terms: Fiat money may cause wars; gold could reduce them.
Consider monetary policy’s impact on peace.
Themes
Mood
Type
When to use this quote
- policy debates
- historical analysis
- financial education
- peace advocacy
Key Concepts
Questions to Reflect On
- How does monetary policy influence geopolitical tension?
- Can peace be achieved without changing money systems?
Counterpoint: Wars have many causes beyond money, such as ideology and power struggles.