Banking is therefore not a normal market activity, because it - TopicsExpress

Banking is therefore not a normal market activity, because it provides two linked public goods: money and the payments network. On one side of banks’ balance sheets lie risky assets; on the other lie liabilities the public thinks safe. This is why central banks act as lenders of last resort and governments provide deposit insurance and equity injections. It is also why banking is heavily regulated. #Monopolies #Money #Banking #Scam #FedUpUSA

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