> My general impression with this movement, is not that it is a way of easing transfers, but rather a nationalisation of bank accounts. Well that’s terrifying

> My general impression with this movement, is not that it is a way of easing transfers, but rather a nationalisation of bank accounts. Well that’s terrifying in general, but the Denmark case you’ve laid out sounds just about perfect. Denmark has found a way to use it’s capitalism — a “public private partnership“ with a captive audience, but properly regulated so they can’t absolutely fleece customers. I think it’s fine that private banks create money because in the reverse it kind of distributes power — feels like a good artificial restraint (artificial only in that the government could theoretically just undo it) on the government.