“In a world of businessmen and financial intermediaries who aggressively seek profit, innovators will always outpace regulators; the authorities cannot prevent changes in the structure of portfolios from occurring. What they can do is keep the asset-equity ratio of banks within bounds by setting equity-absorption ratios for various types of assets. If the authorities constrain banks and are aware of the activities of fringe banks and other financial institutions, they are in a better position to attenuate the disruptive expansionary tendencies of our economy.”
![“[Pope Francis]sees a world in need of the Gospel, and of friendship with Jesus Christ, as an antidote to the self-absorption and loneliness that are eating away at the solidarity of the human community.” quote by George Weigel](https://sms4smile.com/quotes/img-quotes/79d/george-weigel-9372_absorption_pope-francis-sees-a-world-in-need-of-the_343248.jpg)