He who controls the money supply of a nation controls the nation.
Interpretation
Controlling the money supply gives immense power over national governance.
This quote by James A. Garfield highlights the critical influence that monetary policy and control over a nation's currency have on its stability and governance. By stating that whoever controls the money supply controls the nation, Garfield underscores the importance of economic management in shaping the political and social dynamics of a country.
In practice
A financial seminar discussing the impact of monetary policy on national governance.
Statistical science is indispensable to modern statesmanship. In legislation as in physical science it is beginning to be understood that we can control terrestrial forces only by obeying their laws. The legislator must formulate in his statutes not only the national will, but also those great laws of social life revealed by statistics.
I am trying to do two things: dare to be a radical and not a fool, which is a matter of no small difficulty.
Justice and goodwill will outlast passion.
Now more than ever the people are responsible for the character of their Congress. If that body be ignorant, reckless, and corrupt, it is because the people tolerate ignorance, recklessness, and corruption.
If the power to do hard work is not a skill, it's the best possible substitute for it.
Next in importance to freedom and justice is popular education, without which neither freedom nor justice can be permanently maintained.
All money is a matter of belief.
The high cost of housing is crushing poor families and sending them to a state of desperation.
If you go back to the really long-run questions that interested me, the big question was why, over the centuries, the millennia, has growth been speeding up?
When money is free, the rational lender will keep on lending until there is no one else to lend to.
This power becomes particularly irresistible when exercised by those who, because they hold and control money, are able also to govern credit and determine its allotment, for that reason supplying, so to speak, the lifeblood to the entire economic body, and grasping, as it were, in their hands the very soul of production, so that no one dare breathe against their will.
No nation was ever ruined by trade.
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