'Whosoever controls the volume of money in any country is absolute master of all industry and commerce.... And when you realize the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate.
About this quote
- What does it mean?
- Control over a nation's money supply grants total dominance over its economy. Inflation and depression result from this concentrated power held by a few.
- In plain terms
- Whoever controls the money controls the economy, and a small group can manipulate this system to cause economic hardship.
- What can you take from it?
- Monetary control equals economic power.
Where it applies
Putting it to work
Questions to consider
- Who controls the money supply today?
- How does monetary policy affect you?
Another view
It simplifies complex economic causes into a single point of control.
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