Quote

The essence of the contemporary monetary system is creation of money, out of nothing, by private banks’ often foolish lending.

Martin Wolf

Change background

T
T
T

Change font

TAGS & TOPICS

Martin Wolf
Age: 78
Born: 1946
Born: March 16
Economist
Journalist
University Teacher
London
England
Martin Harry Wolf
Creation
System
Lending
Often
Monetary
Money
Banks
Nothing
Contemporary
Foolish
Private
Essence

More quotes by Martin Wolf

Image
Sustaining growth is the century's big challenge.
Martin Wolf
Image
In order to change the system, we need to change our ideas.
Martin Wolf
Image
The notion of the competitiveness of countries, on the model of the competitiveness of companies, is nonsense.
Martin Wolf
Image
Those who condemn the immorality of liberal capitalism do so in comparison with a society of saints that has never existed—and never will
Martin Wolf
Image
There is no room for being creative in today’s business... Except for finding creative ways to be inefficient.
Martin Wolf