Jose Ortega y Gasset

Over fifteen years of studying the American Right professionally - especially in their communications with each other, in their own memos and media since the 1950s - I have yet to find a truly novel development, a real innovation, in far-right 'thought.'

It is no wonder that bank capital is regulated. When borrowing and lending is profitable, it is tempting for banks to scale up their operations and to borrow and lend too much in relation to their capital, in effect reducing the effectiveness of the potential capital cushion.