A Favourite Quote on Banking by Maurice Allias

"In essence, the present creation of money, out of nothing, by the banking system is similiar - I do not hesitate to say it in order to make people clearly realize what is at stake here  - to the creation of money by counterfeiters, so rightly condemned by law.  In concrete terms, it leads to the same results.  The only difference is that those who benefit from it are different people."

Maurice Allias, professor of economics at the National School of Mining Engineering in Paris, France, and 1988 Nobel Prize Winner in Economics taken from his book "Les conditions monetaires d'une economie de marche"  (The Monetary Conditions of a Market Economy), p. 29.