Marriner Eccles: No Debt Means no Money

Posted by admin on Tuesday, July 14, 2015

Marriner Eccles Money Quotation saying The money and banking system relies on debt to finance the creation of new capital – without one the other doesn’t exist. Marriner Eccles said:

If there were no debts in our money system, there wouldn’t be any money

— Marriner Eccles

Categories: finance Tagged:debtfinancemarriner eccles