Sure all of that’s true, but I think there’s a big philosophical and moral difference between changing the incentives of bankers vs forcing them to lend and bor

Sure all of that’s true, but I think there’s a big philosophical and moral difference between changing the incentives of bankers vs forcing them to lend and borrow at a set rate. One relies on an efficient market and incentives while the other relies on coercion and force. It’s possible that the result of both of these systems are equivalent in many situations, but one is much more robust than the other because it still allows for price competition.