Even libertarians hate it though
Banks can just expand the money supply willy nilly
Why would making banking state owned fix anything
cause the government secure $200,000 of your bank account in case a bank run happens
the banks said "bet"
They still have an incentive to inflate and print money
I'm not saying have all banking in state hands
I want the central banks aka the ones that print money in state hands
And I want the practice of fractional reserve banking gone
Are they not already ?
No
Not at all
Private banks print money?
I thought it was the federal reserve
They deposit only a tiny percentage of your money
And loan out more
Yea
That's fractional reserve banking then
Central banks lend to private banks
They're separate from governments
Trump can't tell the Federal reserve to print more to pay for soemthign for example
Central banks try to keep inflation at around 2%
By lending money to private banks
It's honestly a nonsensical system
But bankers love it
`/\>,`
Fractional reserve banking doesn't technically require central banks though
It's just two cancers
Just end banking
Banking has some utility
But lending out other people's money has to stop
End the economy
anyway good night
Safekeeping money and using profits to lend to nonrisky opportunities is ok
But the system right now is utterly fucked
@Skellington People should just respect Romans 1 lol
@Deleted Userromans 1 what
should i get this book
'
