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interesting. Now how is the economy supposed to function with limitations on bank transfer? Wouldn't that make it difficult to repay debt?
by MichaelMoser123 11y ago
interesting. Now how is the economy supposed to function with limitations on bank transfer? Wouldn't that make it difficult to repay debt?
- pjc50 11y agoLots of paperwork, I think. Every non-trivial transfer requires approval. Here's how it used to work in the UK until 1979: http://www.bankofengland.co.uk/archive/Documents/historicpubs/qb/1967/qb67q3245260.pdf http://www.bankofengland.co.uk/archive/Documents/historicpub... Edit: yes, this makes commerce difficult. A finance correspondent I follow on twitter says to expect petrol rationing.