Speculative attacks are the result of not charging for liquidity. It's kind of like renting out an apartment for free. Why complain about squatters if you are l

Speculative attacks are the result of not charging for liquidity. It's kind of like renting out an apartment for free. Why complain about squatters if you are letting them in for free? If you charged for liquidity all the squatters would be gone and you wouldn't be surprised by sudden changes in vacancy rates as squatters move to a different city. But "logic" dictates that no such fee must be allowed to be charged. After all, think of all the poor poor people who would no longer be in debt, they might have to pay a miniscule portion of it! Can't have that.