Quote by John Kenneth Galbraith
The process by which banks create money is so simple that the mind is repelled.
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
Money
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