Banking and Financial Innovations
(field of studies: Finance and Accounting)

And I sincerely believe, with you, that banking establishments are more dangerous than standing armies; and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.

Banks do not have an obligation to promote the public good.

The process by which banks create money is so simple that the mind is repelled.