Quote #173,036
“Narrow banks could restart effective intermediation and ensure that consumers an…” — Edmund Phelps
Narrow banks could restart effective intermediation and ensure that consumers and employment-creating small and medium-size enterprises are adequately financed and can contribute to the reactivation of the economy.
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View AllAs a grandson of farmers in downstate Illinois, I have long admired the dedication of farmers to their work and have written about the role of agriculture in American innovation.— Edmund Phelps