Little do we realize that ... We Are The Banks!
President Abraham Lincoln implemented a Monetary Policy in his administration that was based on the above truth. The account below, related by Henry C. Carey in 1865, explained what effect this truth had on our economy back then. It can have the same effect today - IF we realize that We Are The Banks. We only need a common clearinghouse of our own to implement it!
|“The way to outdo England without fighting her” - by Henry C. Carey, Feb 13, 1865, Letter 12, |
The Currency Question, p. 129