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The majority of people don't need daily bank accounts. The only reason why we are using them is because to dollar notes have not kept up with inflation. A $500

The majority of people don't need daily bank accounts. The only reason why we are using them is because to dollar notes have not kept up with inflation. A $500 bill from 1900 would be a $17,500 note today. Two of those notes provide more liquidity than the majority of bank accounts in the US.

BlueTemplar 4y ago
Don't underestimate the risk of getting robbed of your savings.
- xthrown1 4y ago
  My house has been broken into fewer times than the number of bankruns in the last week.
  - mtrower 4y ago
    Perhaps in part owing to the fact that people don’t generally keep hefty sums of cash in hand? Anyway, how are you expecting to transact digitally with your paper notes?