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John Buchanan Robinson Quotes: Modern money is almost altogether credit money.
         

Modern money is almost altogether credit money.


John Buchanan Robinson
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"John Buchanan Robinson Quotes." Quoteslyfe.com, 2024. Mon. 29 Apr. 2024. <https://www.quoteslyfe.com/quote/Modern-money-is-almost-altogether-credit-money-730781>.





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Other quotes of John Buchanan Robinson


Your thoughts and emotions are yours alone.

Your thoughts and emotions are yours alone.



In brief, egoism in its modern interpretation, is the antithesis, not of altruism, but of idealism.

In brief, egoism in its modern interpretation, is the antithesis, not of altruism, but of idealism.



There is never enough gold to redeem all the currency in circulation.

There is never enough gold to redeem all the currency in circulation.



There is no word more generally misinterpreted than the word egoism, in its modern sense.

There is no word more generally misinterpreted than the word egoism, in its modern sense.



Paper currency has hitherto been regarded with suspicion, as insecure.

Paper currency has hitherto been regarded with suspicion, as insecure.



But the egoist has no ideals, for the knowledge that his ideals are only his ideals, frees him from their domination. He acts for his own interest, not for the interest of ideals.

But the egoist has no ideals, for the knowledge that his ideals are only his ideals, frees him from their domination. He acts for his own interest, not for the interest of ideals.



The business of a bank is to lend money; which amounts, nowadays, to lending credit.

The business of a bank is to lend money; which amounts, nowadays, to lending credit.



There is no other who experiences your thoughts or your feelings.

There is no other who experiences your thoughts or your feelings.



Large sums were paid for the use of money, because the available amount of gold and silver was far less than was needed to carry on the commercial transactions of the times.

Large sums were paid for the use of money, because the available amount of gold and silver was far less than was needed to carry on the commercial transactions of the times.



Accordingly, when the supply of gold runs short, the security behind the notes is diminished, the loaning of notes is restricted or suspended, and the panic follows.

Accordingly, when the supply of gold runs short, the security behind the notes is diminished, the loaning of notes is restricted or suspended, and the panic follows.





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If I told you, you might be forced to lie about it. Not that you aren't really good at it, but why put an old man in that position?

If I told you, you might be forced to lie about it. Not that you aren't really good at it, but why put an old man in that position?



More divorces start in the bedroom than in any other room in the house.

More divorces start in the bedroom than in any other room in the house.



What I'm most interested in is not necessarily the wound, but the scar. Not how someone is wounded, but what the scar does later.

What I'm most interested in is not necessarily the wound, but the scar. Not how someone is wounded, but what the scar does later.



Scouting teaches a boy to take care of himself and stand on his own two feet.

Scouting teaches a boy to take care of himself and stand on his own two feet.



Cities never flourish alone. They have to be trading with other cities.

Cities never flourish alone. They have to be trading with other cities.



We sit inert, like dead specimens of some museum, while lessons are pelted at us from on high, like hailstones on flowers.

We sit inert, like dead specimens of some museum, while lessons are pelted at us from on high, like hailstones on flowers.



She would be ready, but she would always make him wait.

She would be ready, but she would always make him wait.



Successful innovation has consistently proved to be fluid and flexible, fast and furious - that is, passionate.

Successful innovation has consistently proved to be fluid and flexible, fast and furious - that is, passionate.



And by his smile, I knew that sullen hall, By his dead smile I knew we stood in Hell.

And by his smile, I knew that sullen hall, By his dead smile I knew we stood in Hell.




Quote Description


This page presents the quote "Modern money is almost altogether credit money.". Author of this quote is John Buchanan Robinson. This quote is about credit, modern, money,.