William E. Gladstone Quotes
From the time I took office as Chancellor of the Exchequer, I began to learn that the State held, in the face of the Bank and the City, an essentially false position as to finance. The Government itself was not to be a substantive power, but was to leave the Money Power supreme and unquestioned.
Topics
Cities
Government, Governments
Monetary Policy
Economic Policy
Financial Regulation
Financial System
Fiscal Responsibility
Money Power
Office
Central Bank Independence
Economic Sovereignty
Financial Authority
Financial Control
Government Limitations
Power Dynamics
State Power
State Finance
Bank Influence
Citations
Morley, John. The Life of William Ewart Gladstone. Vol. 1, Macmillan, 1903, p. 650.
Related Quotes
William Ewart Gladstone FRS FSS was a British statesman and Liberal politician. In a career lasting over 60 years, he served for 12 years as Prime Minister of the United Kingdom, spread over four terms beginning in 1868 and ending in 1894. He also served as Chancellor of the Exchequer four times, serving over 12 years.