Banking and Morality

Quote Of The Day

Moneybox
A blog about business and economics.
Dec. 19 2011 11:03 AM

Quote Of The Day

"Many conservative bankers regard it as more consonant with their cloth, and also as economising thought, to shift public discussion of financial topics off the logical on to an alleged 'moral' plane, which means a realm of thought where vested interest can be triumphant over the common good without further debate." JM Keynes, A Tract on Monetary Reform.

Matthew Yglesias is the executive editor of Vox and author of The Rent Is Too Damn High.

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