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Wall Street & Finance! Attribution disputed
“
The bank hath benefit of interest on all moneys which it creates out of nothing
William Paterson
— William Paterson
Founder of the Bank of England

About this quote

Attributed to
William Paterson
Attribution status
! Attribution disputed

Widely attributed to William Paterson (Bank of England founder) but no primary source has been found; frequently circulated in monetary-reform and conspiracy literature.

Photo: Diliff · CC BY 3.0 · source · Portrait: Innes, J. H. (John H.) (No restrictions)

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“The bank hath benefit of interest on all moneys which it creates out of nothing” — William Paterson · The Inspired Sage