Irving Fisher Quotes

If two parties, instead of being a bank and an individual, were an individual and an individual, they could not inflate the circulating medium by a loan transaction, for the simple reason that the lender could not lend what he didn't have, as banks can do. Only commercial banks and trust companies can lend money that they manufacture by lending it.
Irving Fisher
Irving Fisher

Quotes to Explore

This site uses cookies. By continuing to use this website, you agree to our policies regarding the use of cookies.