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Point of View
Anti-Bank Sentiment Has Early Roots
A lot of people don’t like banks. That’s what one speaker for a Bank Director conference told me on a video call early this spring to prepare for a panel discussion on stablecoins. Reading Emily McCormick’s cover story on the origin of America’s banking system, I couldn’t help but think how often conversations have old reverberations. As McCormick describes, the first Treasury Secretary Alexander Hamilton envisioned a national currency and an early version of a central bank. Based on the charter of the Bank of England, the Bank of the United States grew to become a powerful driver of the…
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