Commercial banks - that is, fractional reserve banks - create money out of thin air. Essentially, they do it in the same way as counterfeiters.
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"Commercial banks - that is, fractional reserve banks - create money out of thin air. Essentially, they do it in the same way as counterfeiters." — Murray Rothbard #moneywealth
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Commercial banks - that is, fractional reserve banks - create money out of thin air. Essential…
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Commercial banks - that is, fractional reserve banks - create money out of thin air. Essentially, they do it in the same way as counterfeiters. — Murray Rothbard
About Murray Rothbard
Murray Rothbard was a Economist from United States (1926–1995).
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Who said "Commercial banks - that is, fractional reserve banks - create money out of thin…"?
This quote is attributed to Murray Rothbard, a Economist from United States.
When did Murray Rothbard live?
Murray Rothbard lived from 1926 – 1995.
What is this quote about?
This quote touches on Money & Wealth. Browse more quotes on these themes from the categories page.