King thinks otherwise. He says:
Far from it. Giving elected representatives the keys to the printing press is the equivalent of giving a gambling addict the keys to the casino.
In other words, democracy cannot be trusted and politicians, without the wise paternalist constraint if the banking community exercised through their club in Threadneedle Street, would run amok. The little faith he has in democracy is all too apparent.
Give Jezza, Snippa or Hancock, any of them, unlimited never running out chequebooks and the result will be?