Switzerland to vote on banning banks from creating money

Re:Switzerland to vote on banning banks from creating money by rtpg on Tuesday December 29, 2015 @04:25AM (#10805914)

This is an interesting angle. The important thing to note is the "I owe you $10" piece of paper is worth roughly $10 when it comes from a trusted source.

I think if I wrote that it might not be worth the full $10 in "publicly traded" circumstances.

There's an interesting exercise in how bank-like you can become before you need to register as a financial institution.

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Re:Switzerland to vote on banning banks from creating money by Dylan16807 on Tuesday December 29, 2015 @05:23AM (#10806053)

Though that trust is mostly based in how big a pile of money you have, and how stable it seems to be, even if you act nothing like a bank.

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