Ralph George Hawtrey Quotes:
Life: November 22, 1879 - March 21, 1975
Birthday: November 22
Death: March 21
Banks lend by creating credit. They create the means of payment out of nothing.
source: "National Economy and the Banking System of the United States". Book by Robert Latham Owen, p. 102, 1939.
topic: Mean, Creating, Banking, Monetary System, Central Banks, Monetary, Bankers And Banks, Banks And Money
