News Sources wrote an interesting post today on
Here’s a quick excerpt
Quelle horreur , some smart people are starting to question whether banking serves a redeeming social function. Of course, in the abstract, it does. Banking (or more accurately, extending credit) is essential for commerce. But any essential support function, if it overpriced in relationship to its true value, becomes a drag on the productive economy. And our modern system is extracting a very large toll relative to its actual worth. One argument against banking comes from Roger Bootle at t
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