>The 2008 recession wasn't caused by lack of regulation, on the contrary it was caused by regulation that forced banks to give out loans that they otherwise wou

>The 2008 recession wasn't caused by lack of regulation, on the contrary it was caused by regulation that forced banks to give out loans that they otherwise wouldn't... The purpose of banks is to give out loans and earn interest. 2007 financial crisis forced central banks and governments to introduce more financial regulation and protection mechanisms. And the purpose of money is to be spent or invested. Hoarding cash is almost always bad because inflation eats your savings. See this article and chart about Purchasing Power of the U.S. Dollar Over Time: https://www.visualcapitalist.com/purchasing-power-of-the-u-s-dollar-over-time/ https://www.visualcapitalist.com/purchasing-power-of-the-u-s... And read this article about The risks of hoarding cash: https://www.privatebanking.hsbc.com/wih/investments-Insights/investment-tips/hoarding-cash-risk/ https://www.privatebanking.hsbc.com/wih/investments-Insights...