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You don't need a federal bank to solve that problem. A simple regulation would suffice requiring private banks to service these customers in some fashion.
by nightski 3y ago
You don't need a federal bank to solve that problem. A simple regulation would suffice requiring private banks to service these customers in some fashion.
- Matl 3y agoTrue, but then you would get complaints about government mandates.
- LordDragonfang 3y agopart of the point is to separate the "is a place to deposit and withdraw your money" portion of banking from the "does financial speculation" portion.
- astrange 3y agoThat's the entire purpose of a bank. The point of a bank is that the customers think they're putting their money in a box, but it's actually loaned out to businesses. If you don't do this, the money supply gets a lot smaller.