Quote by John Kenneth Galbraith

The process by which banks create money is so simple that the mind is repelled.

The process by which banks create money is so simple that th

Summary

This quote suggests that the process of how banks create money is incredibly straightforward, to the point that it may be difficult for some individuals to accept or comprehend its simplicity. It highlights the fact that something as impactful and essential as money creation is done by banks in a surprisingly uncomplicated manner, emphasizing the potential disbelief or astonishment that may arise when understanding this process.

Topics

By John Kenneth Galbraith

Liked the quote? Share it with your friends.

Random Quotations

Friendship is neither a formality nor a mode: it is rather a

Friendship is neither a formality nor a mode: it is rather a life.

Doubt is the vestibule through which all must pass before th

Doubt is the vestibule through which all must pass before they can enter into the temple of wisdom.

Charles Caleb Colton

For those who have come here illegally, they might have a tr

For those who have come here illegally, they might have a transition time to allow them to set their affairs in order. And then go back home and get in line with everybody else. And if they get in line and they apply to become a citizen and get a green card, they will be treated like everybody else.

Unless their use by readers bring them to life, books are in

Unless their use by readers bring them to life, books are indeed dead things.

Lawrence Clark Powell

Life Death Books Literature Read

Cannons and fire-arms are cruel and damnable machines; I bel

Cannons and fire-arms are cruel and damnable machines; I believe them to have been the direct suggestion of the Devil. If Adam had seen in a vision the horrible instruments his children were to invent, he would have died of grief.

The English are predisposed to pride, the French to vanity.

The English are predisposed to pride, the French to vanity.

Jean Jacques Rousseau

Nationalism Nation Nationality

There is the good and the bad, the great and the low, the ju

There is the good and the bad, the great and the low, the just and the unjust. I swear to you that all that will never change.

Good Change Great

There is but one means available to improve the material con

There is but one means available to improve the material conditions of mankind: to accelerate the growth of capital accumulated as against the growth in population. The greater the amount of capital invested per head of the worker, the more and better goods can be produced and consumed. This is what capitalism, the much abused profit system, has brought about and brings about daily anew. Yet, most present-day governments and political parties are eager to destroy this system.

Ludwig von Mises

And, since they are theater people, they are all talking. Al

And, since they are theater people, they are all talking. All of them. Simultaneously. They do not need to be heard; they only need to be speaking.

She has been to the compound before. She remembered this hal

She has been to the compound before. She remembered this hallway. She knows about the initiation process. My mother was Dauntless.

People like passion in politics.

People like passion in politics.

His words are bonds, his oaths are oracles; his love sincere

His words are bonds, his oaths are oracles; his love sincere, his thoughts immaculate; his tears pure messengers sent from his heart; his heart as far from fraud, as heaven from earth

William Shakespeare