Banking Quote by Thomas A. Edison
“It is a terrible situation when the Government, to insure the National Wealth, must go in debt and submit to ruinous interest charges, at the hands of men, who control the fictitious value of gold. Interest is the invention of Satan.”
About This Quote
Source Speech: Economic Critique, 1903
Government debt and interest are seen as harmful, with interest portrayed as a satanic invention.
In simple terms: Debt and interest are harmful.
Key Takeaway
Question financial systems.
Themes
economics
government
debt
Mood
critical
analytical
Type
political
economic
When to use this quote
- budget planning
- policy reform
- investment strategies
Key Concepts
capitalism
interest theory
financial ethics
Questions to Reflect On
- Is all interest inherently evil?
- How can governments balance debt and growth?
A Different Perspective
Interest can fund growth if managed wisely.
![“The issuing power [of money] should be taken from the banks and restored to the people, to whom it properly belongs.” quote by Thomas Jefferson](https://sms4smile.com/quotes/img-quotes/9f3/thomas-jefferson-43_bankers_the-issuing-power-of-money-should-be-tak_636375.jpg)
