Irving Fisher: Loan Transactionson Sunday, July 25, 2010
Irving Fisher Money Quotation tells us that the money in circulation is controlled by banks that don’t actually have possession of that money.
“Thus, our national circulating medium is now at the mercy of loan transactions of banks, which lend, not money, but promises to supply money they do not possess” — Irving Fisher
Share </> Quote Image
Share the Irving Fisher Money quote image above on your site:
Short Link to this Quote: