5 ms·
It's called "narrow banking" and apparently it doesn't make things as safe as you might think. Here's some reading: https://www.cato.org/sites/cato.org/files/
by tome 4y ago
It's called "narrow banking" and apparently it doesn't make things as safe as you might think. Here's some reading:
https://www.cato.org/sites/cato.org/files/serials/files/regulation/1991/4/v14n2-5.pdf https://www.cato.org/sites/cato.org/files/serials/files/regu...
https://www.johnkay.com/2011/06/02/should-we-have-narrow-banking/ https://www.johnkay.com/2011/06/02/should-we-have-narrow-ban...
- nine_zeros 4y agoBut it could be an option? I imagine there is a market for it. No one is asking current banking to be abolished but at least there should be an option for people who want to keep their money away from fractional reserve.
- tome 4y agoSeems reasonable to me. I'd probably use it!