Tuesday, August 27, 2013

The Bank That Trust Built



The Bank That Trust Built
Written by John Horvat II

In writing about economy, I have frequently denounced what I call frenetic intemperance. Frenetic intemperance is a term to describe a restless and reckless spirit inside certain sectors of modern economy that foments a drive to throw off legitimate restraints and gratify all desires. Such a reckless spirit is often found in the financial sector of modern economies as it engages in all sorts of monetary wheeling and dealing.

I admit that banks have their purpose in society by securing money and facilitating transactions needed to carry out business. However, so strong is the frantic idea of modern banking that I have often asked myself if I could provide concrete examples of banking without frenetic intemperance. It is not an easy task.

But in the business section of The Sunday Times of Ireland (7-21-13),[1] I quite unexpectedly found a refreshing example. It involves a London bank called C. Hoare & Co. It is not your ordinary bank.

Read more…

http://www.returntoorder.org/2013/08/bank-trust-built/

No comments:

Post a Comment