“Whoever controls the volume of money in any country is absolute master of all industry and commerce…. And when you realize the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate.”

— James A. Garfield

The first sentence, attributed to Garfield since the 1890s http://books.google.com/books?id=-RoPAAAAYAAJ&pg=PA156&dq=%22Whoever+controls+the+volume+of+money%22, is almost certainly a paraphrase of Garfield's "absolute dictator" quote, above. The second part is a late 20th-century commentary misattributed to Garfield.
Misattributed

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James A. Garfield 129

American politician, 20th President of the United States (i… 1831–1881

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“I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the civilized world: no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men.”

Woodrow Wilson (1856–1924) American politician, 28th president of the United States (in office from 1913 to 1921)

Attributed in Shadow Kings (2005) by Mark Hill, p. 91; This and similar remarks are presented on the internet and elsewhere as an expression of regret for creating the Federal Reserve. The quotation appears to be fabricated from out-of-context remarks Wilson made on separate occasions:

I have ruined my country.

Attributed by Curtis Dall in FDR: My Exploited Father-in-Law, regarding Wilson's break with Edward M. House: "Wilson … evidenced similar remorse as he approached his end. Finally he said, 'I am a most unhappy man. Unwittingly I have ruined my country.'"

A great industrial nation is controlled by its system of credit.…

"Monopoly, Or Opportunity?" (1912), criticizing the credit situation before the Federal Reserve was created, in The New Freedom (1913), p. 185

We have come to be one of the worst ruled… Governments….

"Benevolence, Or Justice?" (1912), also in The New Freedom (1913), p. 201

The quotation has been analyzed in Andrew Leonard (2007-12-21), " The Unhappiness of Woodrow Wilson https://www.salon.com/2007/12/21/woodrow_wilson_federal_reserve/" Salon:

I can tell you categorically that this is not a statement of regret for having created the Federal Reserve. Wilson never had any regrets for having done that. It was an accomplishment in which he took great pride.

John M. Cooper, professor of history and author of several books on Wilson, as quoted by Andrew Leonard
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“It is ironic that the accumulation of arms is one of the few expanding industries in a period of economic depression and gloom.”

Javier Pérez de Cuéllar (1920) 5th Secretary-General of the United Nations

UN Secretary-General, as quoted in Watching the World, Awake! magazine (22 October 1982).

“The Great Depression in the United States, far from being a sign of the inherent instability of the private enterprise system, is a testament to how much harm can be done by mistakes on the part of a few men when they wield vast power over the monetary system of a country.”

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“I'm very depressed how in this country you can be told "That's offensive" as though those two words constitute an argument.”

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Benjamin Franklin (1706–1790) American author, printer, political theorist, politician, postmaster, scientist, inventor, civic activist, …

Quoted in Money and Men by Robert McCann Rice (1941) but no prior source is extant.
Misattributed

“But we do have control over how we respond to the world. We do have control over how we treat one another.”

Barack Obama (1961) 44th President of the United States of America

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Context: For all of us, life presents challenges and suffering -- accidents, illnesses, the loss of loved ones. There are times when we are overwhelmed by sudden calamity, natural or manmade. All of us, we make mistakes. And at times we are lost. And as we get older, we learn we don’t always have control of things -- not even a President does. But we do have control over how we respond to the world. We do have control over how we treat one another.

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James A. Garfield 129

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