Quote of the Day
Authors Categories Blog Quote Maker Videos
 

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
Check all other quotes by Martin Wolf

Want to display this quote image on your website or blog? Simply copy and paste the below code on your website/blog.

Embed:

Format of this image is jpg. The width and height of image are 1200 and 630, repectively. This image is available for free to download.





Citation

Use the citation below to add this quote to your bibliography:


Styles:

×

MLA Style Citation


"Martin Wolf Quotes." Quoteslyfe.com, 2024. Mon. 29 Apr. 2024. <https://www.quoteslyfe.com/quote/The-essence-of-the-contemporary-monetary-system-864560>.





Check out


Other quotes of Martin Wolf


In order to change the system, we need to change our ideas.

In order to change the system, we need to change our ideas.



There is no room for being creative in today’s business... Except for finding creative ways to be inefficient.

There is no room for being creative in today’s business... Except for finding creative ways to be inefficient.



Those who condemn the immorality of liberal capitalism do so in comparison with a society of saints that has never existed—and never will

Those who condemn the immorality of liberal capitalism do so in comparison with a society of saints that has never existed—and never will



The notion of the competitiveness of countries, on the model of the competitiveness of companies, is nonsense.

The notion of the competitiveness of countries, on the model of the competitiveness of companies, is nonsense.



Sustaining growth is the century's big challenge.

Sustaining growth is the century's big challenge.





Other quotes you may like


If it causes you to sin your soul-just walk away

If it causes you to sin your soul-just walk away



Habits of the mind also provide our mental framework – the way we see the world

Habits of the mind also provide our mental framework – the way we see the world



Books will give you new ideas to fly and books can be find in the libraries

Books will give you new ideas to fly and books can be find in the libraries



Here I am starting a franchise and I'm gonna be 65 years old. I should've started this in 1978... I wrote like 300 songs and I'm gonna have to re-learn some of them!

Here I am starting a franchise and I'm gonna be 65 years old. I should've started this in 1978... I wrote like 300 songs and I'm gonna have to re-learn some of them!



That's one of the things about love. It doesn't recognize boundaries and never obeys the rules we try to give it.

That's one of the things about love. It doesn't recognize boundaries and never obeys the rules we try to give it.



Everyone has a song in him.

Everyone has a song in him.



Liberal democracy must finally become the vital element of our society.

Liberal democracy must finally become the vital element of our society.



One more thing: don’t feel bad for not telling me that you loved me. You didn’t need to say it. I knew all along that you did.

One more thing: don’t feel bad for not telling me that you loved me. You didn’t need to say it. I knew all along that you did.



Ultimately, music is a possessive mistress.

Ultimately, music is a possessive mistress.



When we are at ease, our bodies work efficiently, our minds settle, and space opens up for us to connect to our intuition, creativity, and sense of connectedness.

When we are at ease, our bodies work efficiently, our minds settle, and space opens up for us to connect to our intuition, creativity, and sense of connectedness.




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,.