13 de Junio de 2010
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Cita económica del 13-VI-2010
Good banking is produced, not by good laws, but by good bankers. Just as the most carefully planned constitution will inevitable break down if the men at the helm of government are incompetent or dishonest, so no skillfully devised banking system will make banking good, unless the banking is conducted by straight and able managers, or defend banking from suspicion by its customers, if other wheels in the financial machine have been proved to be unsound. In the United States, before the Federal Reserve system was established, the national banks in the chief cities were compelled by law to keep a cash reserve equal to twenty-five per cent of their deposits, and were liable to inspection by Government officers whose business it was to see that the cash was duly there. And yet, the panic of the autumn of 1907 saw the banks of the United States obliged to suspend payments because of mistrust on the part of the American public.
Hartley Withers, The meaning of money, 1932 (primera edición 1909), p. 77-78
Comentarios
"Good banking is produced, not by good laws, but by good bankers".
No se como dejaron que se gradue asi. Es una declaracion vergonzosa, pobre desde cualquier angulo.
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