"A great industrial nation is controlled by its system of credit.
Our system of credit is privately concentrated.
The growth of the nation, therefore, and all our activities
are in the hands of a few men who, even if their action be honest
and intended for the public interest, are necessarily concentrated
upon the great undertakings in which their own money is involved and
who necessarily, by very reason of their own limitations,
chill and check and destroy genuine economic freedom."
in his book, The New Freedom: A Call For the Emancipation of the Generous Energies of a People, chapter 8