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It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford


Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin
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The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj


Sunday 6 May 2012

Satyajit Das

http://theconversation.edu.au/satyajit-das-europe-will-have-far-reaching-consequences-for-everybody-5752


"In my view, financial systems should do three things: match savers and borrowers, provide safe payment mechanisms and provide rudimentary risk management instruments. And that’s all it should do.
And we should have a debate about how we get the financial system back to doing that. But the problem here is finance and debt has become a driver of growth, so there’s an unwillingness on the part of the regulators and the politicians to tackle them."

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