My latest Coppola Comment post is free to read. Full reserve banking is not a solution to bank failures. Ensuring the safety of depositors at the expense of bank lending comes with very high economic costs.
https://coppolacomment.substack.com/p/why-full-reserve-banking-isnt-a-solution?sd=pf
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@Frances_Coppola Is the BoE fully reserved cos it's got lot of gold in it?
@Frances_Coppola I still wonder if it would matter much if someone nicked all the Au in Fort Knox and hid it. Financially, I mean, obvs the usual suspects would get their country bombed in return.
The BoE was a bank with just one customer, it has changed a bit but not that much.
@SteelFolk lol no