E.C. Riegel - Money is an instrumentality of the profit motive and must be issued and bac

Money is an instrumentality of the profit motive and must be issued and backed only by private enterprisers. Economic and political perversities are inescapable while government is admitted to money power. Since all national governments have, up to the present, been money issuing powers we may justly attribute all the economic and political ills of mankind to this single error.

- E.C. Riegel

topic: Errors, Government, Political, Money Power, Perversity, Profit Motive