Quote:
Originally Posted by bizaro86
Disintermediating the banks isn't all sunshine and roses though. The banks use the money everyone keeps in their chequing accounts to make loans. I know personally I'm not in favour of most loans being made by the government instead. That's a path for politically favored groups to get all the loans, which is both unfair and bad for the economy. Maybe its fine if you own Volkswagen shares or are an Ontario auto worker, but here in AB I think that would end up hurting us.
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I don't imagine it would be one or the other. They wouldn't close all the banks when they introduce a CBDC. It would just be one more option in the market.
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"If stupidity got us into this mess, then why can't it get us out?"
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