In addition to their power over government based on government financing and personal influence, bankers could steer governments in ways they wished them to go by other pressures.
Every year the Federal Government wastes billions of dollars as a result of overpayments of government agencies, misuse of government credit cards, abuse of the Federal entitlement programs, and the mismanagement of the Federal bureaucracy.
I have no doubt but that the misery of the lower classes will be found to abate whenever the Government assumes a freer aspect and the laws favor a subdivision of Property.
Feeling good about government is like looking on the bright side of any catastrophe. When you quit looking on the bright side, the catastrophe is still there.
Democracy is a form of government that substitutes election by the incompetent many for appointment by the corrupt few.