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PUBLIC BANKING UNIT VI: TOWARD A BRIGHTER FUTURE

  “I am opposed to the United States Government, which possesses the sovereign and exclusive privilege of creating money, paying private bankers for the use of its own money. These private bankers do not hire [lend] their own money to the Government; the hire [lend] only the Government’s money to the government, and collect an interest charge annually. I insist it is absolutely wrong for this committee to permit this condition to continue and saddle the taxpayers of this Nation with a burden of debt that they will not be able to liquidate in a hundred years or two hundred years.”      - - US Congressman Wright Patman speaking to then ...