I was pointing out that retail banks effectively control monetary policy through the fed, and they use it to benefit themselves primarily. It's their beast and

I was pointing out that retail banks effectively control monetary policy through the fed, and they use it to benefit themselves primarily. It's their beast and they use it to serve themselves. If other people happen to be able to eat as a result, they're okay with that. >Having the post office offer banking services (for example) has nothing to do with "the Fed"'s ability to enact monetary policy. Banks literally create money and loan it out at interest. The fed providing accounts allowing that would directly compete with their business. It's a conflict of interest to serve the public in any way that a bank does, and since they control the fed, they'll use it to block such things. It's just basic self interest.