Howard White in 1882: “Credit never brings a cent’s worth of property into existence, except by putting tools and implements already existing into the hands of those who can make use of them, and who could otherwise not obtain them; but, by accomplishing this, it becomes a mighty engine of human progress. All notions implying that credit of itself, in any form whatever, calls wealth into existence by prestidigitation, are fantastic and mischievous.”
Old Wisdom
