Banking evolves, and it evolves because the economy changes. [causal]
In a subsequent interview he stated: “The term shadow banking has acquired a pejorative connotation, and I’m not sure that’s really deserved . . . Banking evolves, and it evolves because the economy changes. There’s innovation and growth, and shadow banking is only the latest natural development of banking.”
Philip Mirowski, Never Let a Serious Crisis …, loc. 570