Banking Quote by Will Rogers
“There have been three great inventions since the beginning of time: fire, the wheel, and central banking.”
About This Quote
Source Essay: The Great American Economy, 1925
Central banking is a pivotal invention that shapes modern economies like fire and the wheel did for civilization.
In simple terms: Banks are a key modern invention.
Understand how banks affect daily life.
Themes
Mood
Type
When to use this quote
- personal finance
- business strategy
- public policy
- investment
Key Concepts
Questions to Reflect On
- What are the benefits of central banks?
- How do they impact ordinary people?
Banking can also concentrate power and risk.