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I talked about this exactly several times in the past. The present system is a return several millennia back, when the local lord (the banker) decided who gets the money (as he takes a hefty slice on the side). Instead of nebulous utopia, my solution is to enforce strict regulations in permissible behavior (deontology) of bankers, under oath, viewing them in a position similar to public notaries.
There was strictly no comment on my essay on the subject last week. I should stick to the Qur'an and Islamic banking...
PA    

Patrice Ayme Patriceayme.com Patriceayme.wordpress.com http://tyranosopher.blogspot.com/
by Patrice Ayme on Fri May 29th, 2009 at 10:34:15 AM EST
Sorry, PA- I read it. Good piece. I keep searching for a way to help people see that innovative, original creative banking wizardry is not necessary. The perceived need is an illustration of an ahistorical world view. 100 years of BND, and it's just invisible.
Now that I got my 8 comments, I'm ok-- gonna move on to the reality world of broken bow thrusters.

Capitalism searches out the darkest corners of human potential, and mainlines them.
by geezer in Paris (risico at wanadoo(flypoop)fr) on Mon Jun 1st, 2009 at 03:36:57 AM EST
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