Bankers Quote by Reginald McKenna
“I am afraid the ordinary citizen will not like to be told that the banks can, and do, create money...And they who control the credit of the nation direct the policy of Governments and hold in the hollow of their hands the destiny of the people.”
About This Quote
Source Speech: Parliamentary debate, United Kingdom, 1912
Power over money creation lies with banks, influencing government policy and the fate of citizens.
In simple terms: Banks control money and thus politics.
Key Takeaway
Recognize and address financial power imbalances.
Themes
economics
politics
power
citizenship
Mood
concerned
critical
Type
political
analytical
When to use this quote
- budget planning
- public policy
- financial education
- activism
- regulation
Key Concepts
monetary policy
financial sovereignty
government influence
Questions to Reflect On
- How does monetary control affect everyday life?
- What safeguards can prevent abuse?
A Different Perspective
Banks are also subject to regulation and market forces that limit absolute control.
![“What I think is bugging this guy [Steven Lerner] is the belief that debt - forced debt upon middle-class people, students (i.e., student loans and so forth) - has made Wall Street bankers and financial people excessively, unfairly, out-of-proportionally rich.” quote by Rush Limbaugh](https://sms4smile.com/quotes/img-quotes/f15/rush-limbaugh-28_bankers_what-i-think-is-bugging-this-guy-steven_28590.jpg)
