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Nice goal, but how do you do that without triggering a bank run? Because when everyone starts withdrawing their money, you get a bank run.
by joezydeco 7y ago
Nice goal, but how do you do that without triggering a bank run?
Because when everyone starts withdrawing their money, you get a bank run.
- JumpCrisscross 7y ago> how do you do that without triggering a bank run? Deposit insurance. The EU’s lack of a currency-wide deposit guarantee is a separate problem. One uniquely spawned by the Germans.
- joezydeco 7y agoDeposit insurance? You're going to ask the public to subsidize their own negative interest?
- c3534l 7y agoNot if the government is giving out money. Besides, the second the bank can't actually provide the money is the second they increase rates.