"There is a strange idea aboard, held by……" — Henry Hazlitt

"There is a strange idea aboard, held by all monetary cranks, that credit is something a banker gives to a man. Credit, on the contrary, is something a man already has. He has it, perhaps, because he already has marketable assets of a greater cash value than the loan for which he is asking. Or he has it because his character and past record have earned it. He brings it into the bank with him. That is why the banker makes him the loan."

Henry Hazlitt

54 Quotes by Henry Hazlitt

Henry Hazlitt has 54 quotes on this site. A few more worth reading:

See all 54 quotes by Henry Hazlitt »

More Aboard Quotes

This quote is filed under Aboard Quotes, one of 67 quotes in that category. Here are a few more:

See all 67 Aboard Quotes »