Intermediation Quotes

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“The key function of banks is money creation, not intermediation.”
— Michael Kumhof —

“It is the suffering of being that makes us seek out the other, as a palliative; we must go beyond this stage to reach the state where the simple fact of being constitutes in itself a permanent occasion of joy; where intermediation is nothing more than a game, freely undertaken, and not constitutive of being. We must, in a word, reach the freedom of indifference, the condition for the possibility of perfect serenity.”

— Michel Houellebecq

“Narrow banks could restart effective intermediation and ensure that consumers and employment-creating small and medium-size enterprises are adequately financed and can contribute to the reactivation of the economy.”

— Edmund Phelps

“The key function of banks is money creation, not intermediation.”

— Michael Kumhof

“But in general, as countries get wealthier, there's going to be more savings, which means you're going to have intermediation. So part of it is just the huge growth in wealth, and part of it was globalization - these companies, these clients getting much bigger and much more global.”

— Jamie Dimon

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