“Banking was conceived in iniquity and was born in sin. The bankers own the earth. Take it away from them, but leave them the power to create money, and with the flick of the pen they will create enough deposits to buy it back again. However, take away from them the power to create money, […]Read more "The Origin of Banking"
Before we get to the Origin of Banking I would like to spend a post discussing a few concepts regarding money and exchange in the economy more generally… And to illustrate these concepts I will use a set of quotes from some great Classical Liberal French Economists, much neglected by the history of economic thought… […]Read more "The Essence of Money"