Bankers Quote by Murray Rothbard
“By the 1890s, the leading Wall Street bankers were becoming increasingly disgruntled with their own creation, the National Banking System... while the banking system was partially centralized under their leadership, it was not centralized enough.”
About This Quote
Source Book: Man, Economy, and State, 1962
Bankers grew discontented with a system they built that lacked full central control.
In simple terms: Bankers disliked their own partially centralized system.
Seek balanced financial structures.
Themes
Mood
Type
When to use this quote
- policy debates
- banking reforms
- financial crises
Key Concepts
Questions to Reflect On
- Is full central control better than partial?
- How do power dynamics affect financial stability?
Centralization can create new risks.