ie, would you rather pay 2% per year or have massive bailouts every now and then? what's really more expensive to taxpayers? In the long run, we're all dead. John Maynard Keynes
I see future banking in terms of service provision, not credit intermediation. The only shareholder capital necessary would be that covering operating costs. "Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky
