Mr. Dawes Jr: In 1773, an official of this bank unwisely loaned a large sum of money to finance a shipment of tea to the American colonies. Do you know what happened? George W. Banks: Yes, sir. Yes, I think I do. As the ship lay anchored in Boston Ha...
In the days when money was backed by its face value in silver or gold, there were limits to how much wealth could flow around the world. Today, it's virtual money that the bank lends into existence on a computer screen. "And unless the economy contin...
