Comments on economics, mystery fiction, drama, and art.

Tuesday, March 25, 2008

Sound banking

I can't find a complete source for this, but John Maynard Keynes wrote it in 1931:

"A sound banker, alas, is not one who foresees danger and avoids it, but one who, when he is ruined, is ruined in a conventional way along with his fellows, so that no one can really blame him. "

(Found on Paul Krugman's blog.)


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