Banks Quote by John Kenneth Galbraith

The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth,…

— John Kenneth Galbraith

“The process by which money is created is so simple that the mind is repelled.”

— John Kenneth Galbraith

The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth,…

— John Kenneth Galbraith

The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight-of-hand that was ever invented.

— Josiah Stamp

Then came the second Amsterdam discovery, although the principle was known elsewhere. Bank deposits...did not need to be left idly in the bank. They…

— John Kenneth Galbraith

Banks are an almost irresistible attraction for that element of our society which seeks unearned money.

— J. Edgar Hoover

The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight-of-hand that was ever invented. Banking…

— Anonymous

When the banks create the money, they don't create the interest. They send you into the world to compete with everybody else to get…

— Bernard Lietaer

“Money even creates divides within the banks themselves.”

— Anthony T. Hincks

“The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever…

— Anonymous

The key function of banks is money creation, not intermediation.

— Michael Kumhof

Commercial banks - that is, fractional reserve banks - create money out of thin air. Essentially, they do it in the same way as…

— Murray Rothbard