“ When money is at a moderate rate, we have more demand for it; we lend more ”
Karl Marx, Das Kapital (1894). copy citation
| Author | Karl Marx |
|---|---|
| Source | Das Kapital |
| Topic | money lending |
| Date | 1894 |
| Language | English |
| Reference | |
| Note | |
| Weblink | https://www.marxists.org/archive/marx/works/download/pdf/Capital-Volume-... |
Context
“"operates against bankers, it is true, but I should have very great difficulty in explaining to you, unless I could show you the books, how much higher the profits" [his own] " are now than they used to be formerly. When interest is low, from excessive issues, we have large deposits; when interest is high, we get the advantage in that way." — "4794. When money is at a moderate rate, we have more demand for it; we lend more; it operates in that way" [for us, the bankers] . "When it gets higher, we get more than a fair proportion for it; we get more than we ought to do."
We have seen that the credit of Bank of England notes is considered beyond question by all experts.”
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