Ralph M. Hawtrey

Banks lend by creating credit. They create the means of payment out of nothing. Ralph M. Hawtrey, Former Secretary of the British Treasury

Rethinking Economics Australia

2018-10-28T22:33:59+10:30

Banks lend by creating credit. They create the means of payment out of nothing. Ralph M. Hawtrey, Former Secretary of the British Treasury

https://rethinkeconomics.org.au/testimonials/ralph-m-hawtrey/