The Politicization of Banking and the End of Freedom


Imagine a society in which outspoken conservatives, or Brexiteers, or libertarians, or socialists, were systematically locked out of banking services: those dissenting openly from the political views of the banking establishment would be condemned to live as economic pariahs: no mortgage, no credit cards, and no way to conduct a normal business.

Banks would then become instruments of political persecution and totalitarian groupthink instead of institutions devoted to the provision of banking services to the citizenry at large. The price of political dissent would become far too high for many citizens.

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