Mutual Banking Quotes

“The existing organization of credit is the daughter of hard money, begotten upon it incestuously by that insufficiency of circulating medium which results from laws making specie the sole legal tender.”
― William Batchelder Greene, Mutual Banking

“Usury is the characteristic fact of the present system of civilization; and usury depends for its existence upon this super-added, social, unnatural value, which is given artificially to the material of the circulating medium.”
― William Batchelder Greene, Mutual Banking

“Legislation has created usury; and the Mutual Bank can destroy it. Usury is a result of the legislation which establishes a particular commodity as the sole article of legal tender; and, when all commodities are made to be ready money through the operation of Mutual Banking, usury will vanish.”
― William Batchelder Greene, Mutual Banking