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No, because you’d get no interest on your deposits. Private banks would simply have to offer something of value. obviously this conflicts with ZIRP, but that’s
by jl2718 6y ago
No, because you’d get no interest on your deposits. Private banks would simply have to offer something of value. obviously this conflicts with ZIRP, but that’s of dubious wisdom from the start.
- noxer 6y agoYou already get no interest on deposits. There is zero reason to deposit your money at a bank if a central bank provides the same service but by definition zero risk. >Private banks would simply have to offer something of value. They do but they can not compete with a central bank.