Any system which involves the necessity of any arbitrary, speculative, or deliberate adjustment of the sum total of a credit-note currency to the supposed commercial condition of the country is essentially wrong.#Quoted in Lawrence White, Free Banking in Britain (1995)
No wisdom, short of omnipotence, could so well proportion the number and extent of these establishments to the wants of the community, as those principles of human nature which spontaneously work out the result.#Quoted in Lawrence White, Free Banking in Britain (1995)