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Uncommon Sense

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Tag: L. L. B. Angus

Money from thin air

The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented. Banks can, in fact, inflate, mint, and unmint the modern ledger-entry currency.

Author Greg RavenPosted on November 7, 2011November 1, 2018Format QuoteCategories moneyTags L. L. B. Angus

“Perhaps the sentiments contained in the following pages, are not yet sufficiently fashionable to procure them general favor; a long habit of not thinking a thing wrong, gives it a superficial appearance of being right, and raises at first a formidable outcry in defense of custom. But the tumult soon subsides.” — Thomas Paine

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