> The whole point of a bank is that they're loaning customers with other customers' money. Ahh, you would think so, wouldn't you? In fact I bet that's how most

> The whole point of a bank is that they're loaning customers with other customers' money. Ahh, you would think so, wouldn't you? In fact I bet that's how most people still think about banks. Sadly that's not been the case for a while now. Check this blogpost: the first few sections explain the basics and the immediate consequences of this arrangement: https://www.lowimpact.org/why-the-banks-have-so-much-power-and-how-we-can-take-it-away-from-them/ https://www.lowimpact.org/why-the-banks-have-so-much-power-a... Then he gets into his proposed solution and it's a matter of agree or disagree.