Abstract
These artificially low rates are of no benefit to anyone ... the banks are no longer able to employ their funds to advantage, and hence get no proper compensation for their services. Such rates are, in fact, ruinous, and inasmuch as they do not allow the banks to earn an adequate profit, must in the end impair the stability of the banks if not actually involve them in ruin. -Commercial and Financial Chronicle, July 9, 1932
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