Josiah Stamp
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Born | 21 June 1880 |
Died | 16 April 1941 (Age 60) |
Alma mater | • University of London • London School of Economics |
English industrialist, economist, civil servant, statistician, writer, and banker. |
Josiah Charles Stamp, 1st Baron Stamp was an English industrialist, economist, civil servant, statistician, writer, and banker.
Career
He recommended Eric Roll to be a professor.
He was a Director of the Bank of England.
Quotes
A well known quote from Stamp (often referred to as Stamp's Law) is:
“The government are very keen on amassing statistics. They collect them, add them, raise them to the nth power, take the cube root and prepare wonderful diagrams. But you must never forget that every one of these figures comes in the first instance from the chowky dar (village watchman in India), who just puts down what he damn pleases." (Stamp recounting a story from Harold Cox who quotes an anonymous English judge).”
Josiah Stamp (1929) [1]
Another quote attributed to Stamp is:
“Banking was conceived in iniquity and was born in sin. The bankers own the earth. Take it away from them, but leave them the power to create money, and with the flick of the pen they will create enough deposits to buy it back again. However, take away from them the power to create money and all the great fortunes like mine will disappear and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of bankers and pay the cost of your own slavery, let them continue to create money." (Said to be from an informal talk at the University of Texas in the 1920s).”
Josiah Stamp [2]
References
- ↑ Stamp, Josiah (1929). Some Economic Factors in Modern Life. P. S. King & Son. pp. 258–259.
- ↑ http://www.yamaguchy.com/library/silas/silas_index.html Silas Walter Adams (1958). The legalized crime of banking and a constitutional remedy. Boston: Meador. pp. 13, 30, 58, 90, 246