I’m not worried about the lack of reserve, i’m worried about the money shell game where private companies can drive inflation or deflation whichever serves their profit margins best.
The 2008 global financial crisis was a result of this, so not a made up worry.
> The 2008 global financial crisis was a result of this, so not a made up worry
The GFC would not have been prevented by a reserve requirement. The problem didn't originate in the banking system, and transmission to the banking and payment systems wasn't reliant on leverage per se.
It was replaced by other mechanisms. It’s not literally zero any kind of reserves.
I’m not worried about the lack of reserve, i’m worried about the money shell game where private companies can drive inflation or deflation whichever serves their profit margins best.
The 2008 global financial crisis was a result of this, so not a made up worry.
> The 2008 global financial crisis was a result of this, so not a made up worry
The GFC would not have been prevented by a reserve requirement. The problem didn't originate in the banking system, and transmission to the banking and payment systems wasn't reliant on leverage per se.
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