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Quote by Bernard Lietaer

“Our [American] money system is structurally brittle. It doesn't matter if you put a very clever guy or a stupid guy at the wheel. The clever guy will take a half hour to have an accident, and the stupid guy will take ten minutes.”

Quote by Bernard Lietaer

Author

Bernard Lietaer

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. more

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“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.”

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