James A. Garfield Quotes About Money
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He who controls the money supply of a nation controls the nation.
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The refunding of the national debt at a lower rate of interest should be accomplished without compelling the withdrawal of the national-bank notes, and thus disturbing the business of the country.
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The prosperity which now prevails is without parallel in our history. Fruitful seasons have done much to secure it, but they have not done all. The preservation of the public credit and the resumption of specie payments, so successfully attained by the Administration of my predecessors, have enabled our people to secure the blessings which the seasons brought.
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Whoever controls the volume of money in our country is absolute master of all industry and commerce...when you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate.
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Whoever controls the volume of money in any country is absolute master of all industry and commerce.
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James A. Garfield
- Born: November 19, 1831
- Died: September 19, 1881
- Occupation: 20th U.S. President
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