The bankers made loans to business so that the volume of money increased faster than the increase in goods. The result was inflation.
More Quotes from Carroll Quigley:
The traditional Christian attitude toward human personality was that human nature was essentially good and that it was formed and modified by social pressures and training.Carroll Quigley
When the business interests... pushed through the first installment of civil service reform in 1883, they expected that they would be able to control both political parties equally.
Carroll Quigley
Islam, the third in historical sequence of the ethical monotheistic religions of the Near East, was very successful in establishing its monotheism, but had only very moderate success in spreading its version of Jewish and Christian ethics to the Arabs.
Carroll Quigley
In fact, this network, which we may identify as the Round Table Groups, has no aversion to cooperating with the Communists, or any other groups, and frequently does so.
Carroll Quigley
In this Western point of view, evil and sin were negative qualities they arose from the absence of good, not from the presence of evil.
Carroll Quigley
The argument that the two parties should represent opposed ideals and policies, one, perhaps, of the Right and the other of the Left, is a foolish idea acceptable only to doctrinaire and academic thinkers.
Carroll Quigley
Readers Who Like This Quotation Also Like:
Based on Topics: Money & Wealth QuotesI've done nudity. I'm an exhibitionist. It doesn't matter.
John Turturro
Rosa Parks' courage, determination, and tenacity continue to be an inspiration to all those committed to non-violent protest and change nearly half a century later.
Bob Filner
Opportunity does not knock, it presents itself when you beat down the door.
Kyle Chandler