Daniel Eaton

“Without deposit banking modern economies would be impossible. Banks are not only a means of safeguarding money, but also a method of maintaining a constant and energetic flow of capital within a complex economy. Without deposit banking money that is saved is hidden away and removed from the economy—it does nothing except preserve its original worth. Deposit banking, however, allows saved money to be loaned and invested, thereby producing more wealth.”
― Thomas F. Madden, Venice: A New History