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Bernard Lietaer Quotes

Civil engineer

Bernard Lietaer is an accomplished civil engineer, born in 1942. He has extensive experience and notable achievements in the field of civil engineering, particularly in bridge and tunnel design.

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Famous Bernard Lietaer Quotes

“Money is created through bank debt. When you go for a mortgage through a bank, they give you $100,000 to buy a house and basically send you out into the world to bring back $200,000 in the next twenty years. The first $100,000 is principal, and the second is interest.”

World Giving Years Firsts Next House Interest Twenties Debt Principal Mortgage

Author:Bernard Lietaer

“When the banks create the money, they don't create the interest. They send you into the world to compete with everybody else to get the second $100,000 that never was created and bring it back to them. So if we're in a world with zero-growth population, goods, services, and money, the problem would be obvious.”

Ifs World Problem Would Be Growth Interest Population Obvious Goods Zero

Author:Bernard Lietaer

“The Future of Money: Creating New Wealth, Work, and a Wiser World”

World Wealth Creating Wiser

Book:Creating Wealth: Growing Local Economies with Local Currencies

Source: Creating Wealth: Growing Local Economies with Local Currencies

About the Author

Born: 1942
Known for: Civil engineer
Quotes: 10

Books & Sources

Creating Wealth: Growing Local Economies with Local CurrenciesRelated source material

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