18 de Junio de 2010

The Banks are certainly right in refusing to lock up their depositors’ money, for which they may be asked at any time; but their no reason why they should not increase their capital, by the issue of more shares or o terminable debentures, and so have funds available, which would not be repayable on demand, for the long-term requirements of industry.

Hartley Withers, The meaning of money, 1932 (primera edición 1909), p. 125