There is no reason products and services could not be swapped directly by consumers and producers through a system of direct exchange – essentially a massive barter economy. All it requires is some commonly used unit of account and adequate… — Mervyn King Copy Share Image
When banks extend loans to their customers, they create money by crediting their customers’ accounts. — Mervyn King Copy Share Image
Of all the many ways of organising banking, the worst is the one we have today. — Mervyn King Copy Share Image
To set aside one’s prejudices, one’s present needs, and one’s own self interest in making a decision as a director for a company is… — Mervyn King Copy Share Image
The underlying intellectual argument for seeking to tax economic rents retains its force. — Mervyn King Copy Share Image
“Failure to understand the context in which correlations are observed leads to false conclusions. The” — Mervyn King Copy Share Image
Banks have come to realize in the recent crisis that they are paying the price for having designed compensation packages which provide incentives that… — Mervyn King Copy Share Image
Global market forces will sort out those companies that do not have sound corporate governance. — Mervyn King Copy Share Image
There is no reason products and services could not be swapped directly by consumers and producers through a system of direct exchange – essentially… — Mervyn King Copy Share Image
When banks extend loans to their customers, they create money by crediting their customers’ accounts. — Mervyn King Copy Share Image
