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Quotes

“If all bank loans were paid, no one would have a bank deposit and there would not be a dollar of currency or coin in circulation. This is a staggering thought. We are completely dependent on commercial banks. Someone has to borrow every dollar we have in circulation, cash or credit. If the banks create ample synthetic money, we are prosperous; if not, we starve.”
– Robert H. Hemphill, former credit manager of the Federal Reserve Bank of Atlanta

“Many undoubtedly owe their good fortune to the circumstance that they possess a pleasing smile with which they win hearts. Yet these hearts would do better to beware and to learn from Hamlet’s tables that one may smile, and smile, and be a villain.”
– Arthur Schopenhauer