The Socialist Myth of the Greedy Banker

There is a wide spread belief that it was the private banking sector that caused the current economic crisis. “Greedy” private bankers destabilized the economy, as socialists put it. At the same time, there are many conspiracy theories about central banks around. According to these theories, central banks are controlled by “dark” forces, and these forces caused the crisis of 2008.

As a result, most people without a background in economics are very confused. However reality is much simpler th...