But
whether we have based our banking and our credit on the right foundation
is quite another matter.
It is no part of my thought to attack our financial system. I am not in
the position of one who has been beaten by the system and wants revenge.
It does not make the least difference to me personally what bankers do
because we have been able to manage our affairs without outside
financial aid. My inquiry is prompted by no personal motive whatsoever.
I only want to know whether the greatest good is being rendered to the
greatest number.
No financial system is good which favors one class of producers over
another. We want to discover whether it is not possible to take away
power which is not based on wealth creation. Any sort of class
legislation is pernicious. I think that the country's production has
become so changed in its methods that gold is not the best medium with
which it may be measured, and that the gold standard as a control of
credit gives, as it is now (and I believe inevitably) administered,
class advantage.
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