I don't argue that a National Bank is not necessary, but just that all three versions in the USA have proven highly problematic at providing for the common good, as opposed to the good of the bankers. We need one, but, so far, every attempt has turned malignant. The one positive out of this sorry history is that FDR and Marriner Eccles have demonstrated that an existing bank can be reformed. So we now have to demonstrate anew the ability to again generate such a reform, but this time it will be against a financial complex that also knows that it can be done.

"It is not necessary to have hope in order to persevere."