Whether the quote is 100% accurate, or not; whether he said "money," or "deposits," doesn't matter; and this chicken or egg argument - over whether it is the institution, or the people running the institution, that is the problem - is academic, at best. The fact remains, that this latest manifestation of a central banking scheme is just as corrupt, and destructive, as any earlier example. The truth is, there isn't a human, living or dead, who can, or should, be trusted with such power (I believe this is Friedman's error). NO ONE should have an exclusive monopoly over money and credit - ESPECIALLY Government, which has endlessly provided examples of its inability to run anything honestly, or well.