Robert B. Anderson Professions : Former United States Secretary of the Treasury Born : June 4, 1910 Died : August 14, 1989 Browse All Authors Famous Quotes by Robert B. Anderson When a bank makes a loan, it simply adds to the borrower's deposit account by the amount of the loan. It does not take this money from anyone else's deposit; it was not previously paid in to the bank by anyone. It's new money, created by the bank for the use of the borrower. Robert B. Anderson use doe add Similar Authors Andrew Mellon former-united-states-secretary-of-the-treasury Donald T. Regan former-united-states-secretary-of-the-treasury David F. Houston former-united-states-secretary-of-the-treasury Henry Paulson former-united-states-secretary-of-the-treasury Henry Morgenthau, Jr. former-united-states-secretary-of-the-treasury Hugh McCulloch former-united-states-secretary-of-the-treasury All Authors
