> Actually the solution is simpler: deposit insurance. Canada didn't have deposit insurance until the late 1960s and has recently restricted its coverage. (It

> Actually the solution is simpler: deposit insurance. Canada didn't have deposit insurance until the late 1960s and has recently restricted its coverage. (It's now per depositor instead of per-account.) Of course, Canada is populated by Canadians, who are demonstrably different than Americans. (One example - Canadians don't smuggle guns, much.) > Strikingly, economists thought about these things before Hacker News. Yes they've thought about this, but if they've asserted that deposit insurance is "the solution" they're more ignorant than I thought. Please tell me that you're just making this up.