Interest-paying electronic money, completely safe without deposit insurance, would be a great thing.
Shouldn't have deposit insurance period. Banks don't lend deposits. The deregulation of interest rates was an early 60's conspiracy and a mistake. Banks pay for the deposits that the system already owns.
How does everyone having a master account prevent runs?
Good way to bring down the entire system.
THE biggest source of monopoly economy wide is bad regulation. George Stigler understood why that happens.
Shouldn't have deposit insurance period. Banks don't lend deposits. The deregulation of interest rates was an early 60's conspiracy and a mistake. Banks pay for the deposits that the system already owns.
How does everyone having a master account prevent runs?
Good way to bring down the entire system.
THE biggest source of monopoly economy wide is bad regulation. George Stigler understood why that happens.