“It is the people who constitute the basis of Government credit. Why then cannot the people have benefit of their own gilt-edge credit by receiving non-interest bearing currency-instead of bankers receiving the benefit of the people's credit in interest-bearing bonds. If the United States Government will adopt this policy of increasing its national wealth without contributing to the interest collector-for the whole national debt is made up on interest charges-then you will see an era of progress and prosperity in this country such as could never have come otherwise.” PeopleIfsMadeCountryStatesWholeGovernmentInterestWealthUnitedUnited StatesProgressPolicyBenefitsBasesEdgesProsperityCreditDebtErasReceivingCurrencyBankersCollectorsContributingState GovernmentNational DebtUnited States Government Author:Thomas A. Edison
“We think that we are generous because we credit our neighbor with those virtues that are likely to benefit ourselves. We praise the banker that we may overdraw our account, and find good qualities in the highwayman in the hope that he may spare our pockets.” ThinkingMayQualityVirtueBenefitsAccountsPraiseCreditNeighborGenerousPocketsSparesBankersGood QualityHighwaymen Book:The Complete Works of Oscar Wilde: The picture of Dorian Gray : the 1890 and 1891 texts Source: The Complete Works of Oscar Wilde: The picture of Dorian Gray : the 1890 and 1891 texts
“Bankers, they're not harmed by their mistakes. They benefit when things go right, and the society pays the price.” PayMistakeBenefitsBankersPay The Price Author:Nassim Nicholas Taleb
“There was a time traditionally - say, GM in the 1950s - it was trying to develop a consumer base that would be loyal and lasting and they were thinking in terms of an institution that would remain and grow and thrive in the society. By now, a lot of the investment firms - bankers, hedge funds - are perfectly happy to destroy what they're in and come out with huge, tremendous benefits. That's a new stage of capitalism.” ThinkingTryingWould BeGrowsTermStageHugeBenefitsCapitalismInstitutionsInvestmentConsumersFirmThriveFundLastingLoyalBankersHedge Fund Author:Noam Chomsky
“On the one hand, I loved being a banker. I loved how numbers could tell a story and how you can invest in ideas and see them translate into products and services and create jobs. What I didn't like, particularly where I was working in Brazil during the debt crisis of the early '80s, was how the poor were excluded from the banking system. I made the decision to try and experiment with whether we could use the tools of banking to extend the benefits of the economy to the poor.” TryingMadeIdeasStoriesUseHandsJobsDecisionPoorNumbersEconomyProductsBenefitsToolsCrisisDebtExperimentsTranslate80sBankingBankersBrazilExcludedBanking SystemDebt Crisis Author:Jacqueline Novogratz