"Credit is the future tense of money"
(1885-1972) from Canto
Quoted, with thanks, from JoeAnn Hart’s excellent new book Float.
Born in what was then the Idaho Territory to parents of Quaker and Puritan ancestry, Pound was raised in Philadelphia, but rebelled against his genteel surroundings and exiled himself to England to be a poet. Disgusted by the slaughter of the First World War, which he blamed on market capitalism, he spent much of the next twenty-five years in France and Italy. He befriended and championed Eliot, Hemingway, Frost, Joyce and our own Charles Olson, and helped to publish much of their early work. A supporter of Mussolini and Hitler, he made radio broadcasts denigrating the United States during the Second World War, was arrested as a traitor at its conclusion, and spent the next 12 years in an American psychiatric hospital. Meanwhile his poetry continued to be read and appreciated, winning controversial awards and prizes. Finally released in 1958, he returned to Italy publishing the last of his Cantos, 110-118, in 1968.