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
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This page presents the quote "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". Author of this quote is Irving Fisher. This quote is about transactions, promise, money, loan, banking, mercy, historical,.