Economic Program | Document

A Primer on Banking

by Lauren Oppenheimer and David Hollingsworth

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After the financial crisis and TARP, it is hard to find anyone in America that loves banks these days.

Well, there’s nothing new about not liking banks. An anti-banking streak is a part of the American psyche. However, banks have also been a key driver in America’s transition from a colonial outpost to the most powerful economic nation on Earth.

Our Primer on Banking tells the basic story of commercial banks and why they matter. It drills down on how commercial banks developed, how they make money, and why they need regulation.

Whether or not distrust of banks is merited, without a healthy banking system our country would be worse off. Read our Primer on Banking to find out why.

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