Bankers: Lend You Umbrellas When It’s Dry, Then Repossess When It Rains
This Week in Money April 21–27
This Week In Money by Greg Coleridge helps you discover the history of economics:
APRIL 21
1910 — DEATH OF MARK TWAIN, AUTHOR
“There are three kinds of lies: lies, damned lies and statistics.”
”I wasn’t worth a cent two years ago, and now I owe two million dollars.”
“A banker is a man who loans you umbrellas when the sun is shining and demands it back the moment it looks like rain.”
Classic Twain.
1946 — DEATH OF JOHN MAYNARD KEYNES, BRITISH ECONOMIST
“The difficulty lies not so much in developing new ideas as in escaping from old ones.”
APRIL 22
EARTH DAY — CREE INDIAN PROVERB
“Only when the last tree has died and the last river has been poisoned and the last fish been caught, will we realize we cannot eat money.” Seems an appropriate quote on this day.
2018 — “THE GREEN PARTY US POSITION ON BANKING REFORM” WEBSITE POSTING
17. Nationalize the 12 Federal Reserve Banks, reconstituting them and the Federal Reserve Systems Washington Board of Governors under a new Monetary…
