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Quote by Carroll Quigley

“Each central banksought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world.”

Quote by Carroll Quigley

Author

Carroll Quigley
Carroll Quigley

Carroll Quigley was an American historian renowned for his profound insights into modern world history. His book 'Tragedy and Hope' revealed how global financial elites have influenced the course of world history. more

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“Inflation, especially a slow steady rise in prices, encourages producers, because it means that they can commit themselves to costs of production on one price level and then, later, offer the finished product for sale at a somewhat higher price level. This situation encourages production because it gives confidence of an almost certain profit margin.”

“The growth of financial capitalism made possible a centralization of world economic control and use of this power for the direct benefit of financiers and the indirect injury of all other economic groups.”