Quotessence
Home / Quotes / Quote / Image

Quote image editor E.C. Riegel

Back to previous page

“Money is an instrumentality of the profit motive and must be issued and backed only by private enterprisers. Economic and political perversities are inescapable while government is admitted to money power. Since all national governments have, up to the present, been money issuing powers we may justly attribute all the economic and political ills of mankind to this single error.” — E.C. Riegel

Quote 1080 x 1350 Instagram portrait
More
Platforms
Pure ratios
Money is an instrumentality of the profit motive and must be issued and backed only by private enterprisers. Economic and political perversities are inescapable while government is admitted to money power. Since all national governments have, up to the present, been money issuing powers we may justly attribute all the economic and political ills of mankind to this single error.
— E.C. Riegel