banks

When banks place credits into your account, they are merely pretending to lend you money. In reality, they have nothing to lend. Even the money that non-indebted depositors have placed with them was originally created out of nothing in response to someone else's loan. So what entitles the banks to collect rent on nothing? It is immaterial that men everywhere are forced by law to accept these nothing certificates in exchange for real goods and services. We are talking here not about what is legal, but what is moral.

If you could go back in time and do one thing differently in your business, what would it be?

I would have shared with the banks my long-term vision and got them involved instead of just going to them when I needed money. I should have got them on my team right from the start.