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Making the central bank a people’s bank

April 20, 2017 - 16:49 -- Admin

Some of you will have seen my article in the Saturday Paper. I can only tease you with 150 words from it here. Then you’ll need to read it on the Saturday Paper’s site.

As the financial crisis continued wreaking its havoc in late 2010, Mervyn King, who, as Governor of the Bank of England, sat at the apex of the banking system, made this observation: “Of all the many ways of organising banking, the worst is the one we have today.”

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