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Martin Wolf Quotes: The essence of the contemporary monetary system is creation of money, out of nothing, by private banks’ often foolish lending.
         

The essence of the contemporary monetary system is creation of money, out of nothing, by private banks’ often foolish lending.


Martin Wolf
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"Martin Wolf Quotes." Quoteslyfe.com, 2024. Tue. 05 Nov. 2024. <https://www.quoteslyfe.com/quote/The-essence-of-the-contemporary-monetary-system-864560>.





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Quote Description


This page presents the quote "The essence of the contemporary monetary system is creation of money, out of nothing, by private banks’ often foolish lending.". Author of this quote is Martin Wolf. This quote is about money, foolish, essence, monetary system, contemporary, creation, lending,.