What are banks like? What function at their core for society do banks perform?
Wow, I love that that question. I have to put a plug in before I even answer it
for the book that I wrote about a decade ago with Steve Haber called Fragile by Design, which is um about the modern era
from the perspective of banks. that is understanding the history of the world from the perspective of something
that started about 400 years ago which is the chartering of banks. So the first
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