FastSaying

He became convinced that ordinary commercial financing could be done for a service charge plus an insurance fee amounting to much less that the current rates of interest charged by banks, whose rates were based on supply and demand, treating money as a commodity rather than as a sovereign state's means of exchange.

Robert A. Heinlein

Robert A. Heinlein

bankseconomicmoneytheory

Related Quotes

Never worry about theory as long as the machinery does what it's supposed to do.
— Robert A. Heinlein
TheoryWorry
You were probably educated in the conventional economic theories of your period which were magnificent and most ingenious, but--if you will pardon my saying so--all wrong.
— Robert A. Heinlein
economictheories
Never worry about theory as long as the machinery does what it's supposed to do.
— Robert A. Heinlein
AboutDoesLong
Daughters can spend ten percent more than a man can make in any usual occupation. That’s a law of nature, to be known henceforth as ‘Harshaw’s Law.
— Robert A. Heinlein
humormoney
Anything which is physically possible can always be made financially possible; money is a bugaboo of small minds.
— Robert A. Heinlein
engineeringmoneymotivation