Saturday, March 26, 2011

Money Wisdom #009

"The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it. The process by which banks create money is so simple the mind is repelled. With something so important, a deeper mystery seems only decent."

John Kenneth Galbraith  Money: Whence it came, where it went (1975)

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