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“Most money today is created by private sector institutions - banks. This is the most serious fault-line in the management of money in our societies today. But banks are also dangerous. They are at the heart of the alchemy of our financial system. - Mervyn King, Baron King of Lothbury, former Governor, Bank of England” — Tyler Watt
Most money today is created by private sector institutions - banks. This is the most serious fault-line in the management of money in our societies today. But banks are also dangerous. They are at the heart of the alchemy of our financial system.
- Mervyn King, Baron King of Lothbury, former Governor, Bank of England