“I can suggest no remedy, but would prefer present evils to those resulting from the creation of too centralized a power; and the answer, to my mind, is obvious. The true remedy must be found, not in placing our dependence upon the discretion of any one, but of every one,—that is, again, upon liberty, rather than upon power and restraint.”

— George Howard Earle, Jr.

Speaking out against a central bank after the Panic of 1907. From "A Central Bank as a Menace to Liberty," by George H. Earle, Jr. The Annals of the American Academy of Political and Social Science. Vol. XXXI No. 2: Lessons of the Financial Crisis, March 1908.

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George Howard Earle, Jr. 13

American lawyer 1856–1928

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