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Quotations from Chairman Adam...

... Smith, that is.

Though the principles of the banking trade may appear somewhat abstruse, the practice is capable of being reduced to strict rules. To depart upon any occasion from those rules, in consequence of some flattering speculation of extraordinary gain, is almost always extremely dangerous, and frequently fatal, to the banking company which attempts it.

Comments

Yes, you can always tell who has really read Smith and who read the back cover of the Penguin edition by how much they uncritically worship anything done in the private sector.
Osewalrus strikes again!