Bankers Quote by Thomas A. Edison
“It is the people who constitute the basis of Government credit. Why then cannot the people have benefit of their own gilt-edge credit by receiving non-interest bearing currency-instead of bankers receiving the benefit of the people's credit in interest-bearing bonds. If the United States Government will adopt this policy of increasing its national wealth without contributing to the interest collector-for the whole national debt is made up on interest charges-then you will see an era of progress and prosperity in this country such as could never have come otherwise.”
About This Quote
Source Speech: Economic Reform Proposal, United States, early 20th century
The quote argues that government credit should benefit the people directly, not just bankers, by issuing non‑interest‑bearing currency to increase national wealth and reduce debt interest.
In simple terms: People should get credit benefits, not just banks.
Key Takeaway
Advocate for interest‑free public currency.
Themes
economics
government
wealth
debt
policy
Mood
critical
optimistic
Type
political
economic
reform
When to use this quote
- national budgeting
- banking reform
- public debt management
- currency issuance
- social equity
Key Concepts
public finance
monetary reform
wealth distribution
Questions to Reflect On
- How would non‑interest currency affect inflation?
- What safeguards protect against misuse?
A Different Perspective
Implementation may face resistance from entrenched financial interests and legal constraints.
![“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)
