The Weekend Interview with James Grant: The Scourge of the Faith-Based Paper Dollar – WSJ.com

The Weekend Interview with James Grant: The Scourge of the Faith-Based Paper Dollar – WSJ.com.

Mr. Grant is also a critic—albeit with caveats—of today’s great bankers, whom he says in one respect don’t hold a candle to their gilded forebears. “When you take away the downside, you take away the virtue. You take away the moral foundation of markets. You always have envy but now the envy is a little better grounded in objective facts. Taxpayers get the downside. Modern-day Wall Street gets the upside.”

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