“Banking was conceived in iniquity and was born in sin. The bankers own the earth. Take it away from them, but leave them the power to create deposits, and with a flick of the pen they will create enough deposits to buy it back again. However, take it away from them, and all the great fortunes like mine will disappear and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of the bankers and pay the cost of your own slavery, let them continue to create deposits.”
Quote by Josiah Stamp
Author
Josiah Stamp
Josiah Stamp, a renowned British economist, was born on June 21, 1880, and passed away on April 16, 1941. He made significant contributions to the field of economics, particularly in the areas of monetary policy and international trade. more
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