"Will you tell me why the government, with power to create money, should give that power away to a private monopoly and then borrow that which parliament can create itself back at interest to the point of national bankruptcy"... "Why should a government borrow that money at interest?"
Mr Towers, "Now, if parliament wants to change the form of operating the banking system, then certainly that is within the power of parliament."
-Standing Committee on Banking and Commerce May 9 1939 p.394
