Since we’re talking about the collective resource of money shouldn’t we move past the reductive risk based assessment? And I’m not talking about the Fed here, t

Since we’re talking about the collective resource of money shouldn’t we move past the reductive risk based assessment? And I’m not talking about the Fed here, they don’t create money. Banks do, and they do a strictly a risk based calculation. Hence the situation that we are now where most money is chasing other financial products. Btw, I don’t think there’s a simple solution here, and banks aren’t necessarily to blame here. They’re merely reacting to the incentive structure. To solve the problem we need deep structural changes in how we view economics. I’m one of those people that like aspects of both MMT and crypto assets. Addition: since my comment is a bit too light on practical solutions, I think we should have a decentralized way in which local communities can direct money creation towards productive long term projects that help that community. And the same can be done at the federal level for very big projects (rockets, dams, infrastructure etc)