Carolina QuotesA great industrial nation is controlled by its system of credit. Our system of credit is privately concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men who, even if their action be honest and intended for the public interest, are necessarily concentrated upon the great undertakings in which their own money is involved and who necessarily, by very reason of their own limitations, chill and check and destroy genuine economic freedom. This is the greatest question of all, and to this statesmen must address themselves with an earnest determination to serve the long future and the true liberties of men.
Woodrow Wilson Connected to the Carolinas
Source
Section VIII: “Monopoly, Or Opportunity?”, p. 185. Note that this remark has been used as the basis for a fake quotation discussed below.
- work
- The New Freedom (1913)
- year
- 1913
- locator
- p. 185
Cite this record
“A great industrial nation is controlled by its system of cre…” Woodrow Wilson. Carolina Quotes, record CQ-A662368EB7. https://carolinaquotes.com/quote/a662368eb7
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