Banks Don’t Do Much Banking Anymore—and That’s a Serious Problem

Avatar Posted by zioncampo under News
From http://www.psmag.com 3929 days ago
Made Hot by: Digitaladvert on February 5, 2014 5:39 pm
One tension for anyone interested in reforming the financial system is the universal recognition that modern societies need banking. In the truest form, banks take savings deposits and, rather than hiding that money in vaults, lend it out for productive purposes.





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