The business of a bank is to lend money; which amounts, nowadays, to lending credit.
More Quotes from John Buchanan Robinson:
In precisely the same way money is often hired, and the hire paid for the use of it is called Interest.John Buchanan Robinson
Your thoughts and emotions are yours alone.
John Buchanan Robinson
There is no word more generally misinterpreted than the word egoism, in its modern sense.
John Buchanan Robinson
You are forever alone.
John Buchanan Robinson
Capital, however capital may be defined, would practically cease to exist as an income producing fund, for the simple reason that if money, wherewith to buy capital, could be obtained for one-half of one per cent, capital itself could command no higher price.
John Buchanan Robinson
When not only gold but all commodities are available for the redemption of the paper currency, its volume is limited only by the value of all the wealth of the country, and it can never become insecure up to this limit.
John Buchanan Robinson
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Based on Topics: Money & Wealth QuotesBased on Keywords: lending
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