Irving Fisher

A Quote by Irving Fisher on money and debt


Thus, our national circulating medium is now at the mercy of loan transactions of banks, which lend, not money, but promises to supply money they do not possess.

Irving Fisher

Contributed by: peter

A Quote by Irving Fisher on boldness, economics, effort, mathematics, mind, vision, and world

The effort of the economist is to "see," to picture the interplay of economic elements. The more clearly cut these elements appear in his vision, the better; the more elements he can grasp and hold in his mind at once, the better. The economic world is a misty region. The first explorers used unaided vision. Mathematics is the lantern by which what before was dimly visible now looms up in firm, bold outlines. The old phantasmagoria disappear. We see better. We also see further.

Irving Fisher

Source: Transactions of Conn. Academy, 1892.

Contributed by: Zaady

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