Modern Money Is Almost Altogether Credit Money.

The Business Of A Bank Is To Lend Money; Which Amounts, Nowadays, To Lending Credit.

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.

Not An Old Woman That Buys A Paper Of Pins, Without Yielding A Part Of The Price To The Banks As Interest!

But The Egoist Has No Ideals, For The Knowledge That His Ideals Are Only His Ideals, Frees Him From Their Domination. He Acts For His Own Interest, Not For The Interest Of Ideals.

Modern Money Is Almost Altogether Credit Money.