"When a bank makes a loan, it simply……" — Robert Anderson

When a bank makes a loan, it simply adds to the borrower's… - Robert Anderson
"When a bank makes a loan, it simply adds to the borrower's deposit account by the amount of the loan. It does not take this money from anyone else's deposit; it was not previously paid in to the bank by anyone. It's new money, created by the bank for the use of the borrower."

Robert Anderson

6 Quotes by Robert Anderson

Robert Anderson has 6 quotes on this site. A few more worth reading:

See all 6 quotes by Robert Anderson »

More Account Quotes

This quote is filed under Account Quotes, one of 1,306 quotes in that category. Here are a few more:

See all 1,306 Account Quotes »