Meaning: The quote by Carroll Quigley encapsulates the complex and multi-faceted nature of controls within the financial and economic systems. Quigley, a prominent historian and theorist, is known for his extensive work on the evolution of civilizations, as well as his analysis of power structures and institutions. In this quote, he highlights the diverse array of controls that exist within the financial domain, indicating that they can be influenced by different actors such as bankers, government, and sometimes operate independently of either.

The phrase "variety of controls" suggests that there is no singular mechanism or entity that governs the financial system. Instead, it implies the presence of multiple regulatory, institutional, and structural frameworks that collectively shape and govern the functioning of the financial sector. These controls can take various forms, including regulatory policies, monetary instruments, and institutional mechanisms, each playing a role in influencing and regulating financial activities.

The notion that some controls can be influenced by bankers reflects the significant influence that financial institutions and market participants wield within the economic domain. Through their actions, decisions, and lobbying efforts, bankers and financial entities can exert influence over certain aspects of financial regulations and policies, shaping the operating environment to align with their interests and objectives. This influence can manifest through various channels, including lobbying efforts, campaign contributions, and participation in regulatory processes.

Similarly, the reference to controls that can be influenced by the government highlights the role of public authorities and regulatory bodies in shaping and enforcing financial regulations. Governments play a crucial role in setting the legal and regulatory framework within which financial activities operate. This includes establishing laws, regulations, and oversight mechanisms aimed at maintaining stability, fairness, and transparency within the financial sector. However, the extent to which government-controlled controls are influenced by political and economic factors is a subject of ongoing debate and scrutiny.

Moreover, Quigley's assertion that some controls are hardly influenced by either bankers or the government implies the presence of independent or autonomous mechanisms that operate beyond the direct influence of these actors. These could include market forces, international financial institutions, and supranational regulatory bodies that possess a degree of autonomy in shaping and implementing financial controls. The independence of these controls may serve as a safeguard against undue influence or manipulation, aiming to preserve the integrity and stability of the financial system.

Overall, Quigley's quote underscores the intricate and dynamic nature of financial controls, highlighting their susceptibility to influence from various quarters while also acknowledging the presence of autonomous mechanisms. It prompts us to consider the interplay of power, interests, and regulatory frameworks within the financial domain, shedding light on the complexities inherent in governing and regulating economic activities. Quigley's insights continue to resonate in contemporary discussions surrounding financial regulation, governance, and the balance of power within the global financial system.