The Economics of Money, Banking, and Financial Markets Quotes

“Politicians have often declared that unbridled competition among financial intermediaries promotes failures that will harm the public. Although the evidence that competition does this is extremely weak, it has not stopped the state and federal governments from imposing many restrictive regulations.”
― Mishkin, Frederic Mishkin, Frederic, The Economics of Money, Banking, and Financial Markets

“An interest rate is the cost of borrowing or the
price paid for the rental of funds (usually expressed as a percentage of the rental of $100
per year). Many types of interest rates are found in the economy—mortgage interest
rates, car loan rates, and interest rates on many different types of bonds.”
― Frederic S. Mishkin, The Economics of Money, Banking and Financial Markets