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  • This power becomes particularly irresistible when exercised by those who, because they hold and control money, are able also to govern credit and determine its allotment, for that reason supplying, so to speak, the lifeblood to the entire economic body, and grasping, as it were, in their hands the very soul of production, so that no one dare breathe against their will.

    Catholic Church. Pope (1922-1939 : Pius XI)., Pope Pius XI. (1931). “On Social Reconstruction: Encyclical Letter”