“The process by which banks create money is so simple that the mind is repelled.”
Quote by John Kenneth Galbraith
Work
Money: Whence It Came, Where It Went
This book delves into the origins and evolution of monetary systems, examining how money has shaped societies and influenced economic activities throughout history. more
Author
John Kenneth Galbraith
John Kenneth Galbraith was a renowned economist known for his research on economic cycles, market structures, and government policies. His works have had a profound impact on economic theory and policy practice. more
You May Also Like
“People assign much higher probability to the truth of their opinions than is warranted.”
Source: The Book of Nature: From the Last London Ed., to which is Now Prefixed, a Sketch of the Author's Life
“The first thought is often the best.”
Source: The Analogy of Religion, Natural and Revealed, to the Constitution and Course of Nature: To which are Added, Two Brief Dissertations: on Personal Identity, and on the Nature of Virtue; and Fifteen Sermons