Re:Debit cards are hidden financial infrastructure
by tryptophan on Saturday November 13, 2021 @11:08AM
(#29210735)
The whole criticism of wildcat banking is so myopic imo.
Laws were set up that explicitly made these banks very weak. Then after they inevitably failed like they were set up to do, everyone goes "omg, look! private money is so bad! time to nationalize banking and regulate everything!".
Laws were set up that explicitly made these banks very weak. Then after they inevitably failed like they were set up to do, everyone goes "omg, look! private money is so bad! time to nationalize banking and regulate everything!".
https://www.alt-m.org/2021/07/06/the-fable-of-the-cats/