Re:The digital pound: A new form of money for households and...
by JumpCrisscross on Wednesday February 08, 2023 @10:09AM
(#34709057)
> fairly major economic intervention if they go ahead with it
It is, though it’s far from unprecedented. Postal banking was a public banking option [1], albeit with balance sheet separation between the monetary authority and public bank.
> Economics has never really come to grips with how the banking system actually works
This is nonsense. The internet and public having misconceptions about something doesn’t mean we don’t understand it.
It is, though it’s far from unprecedented. Postal banking was a public banking option [1], albeit with balance sheet separation between the monetary authority and public bank.
> Economics has never really come to grips with how the banking system actually works
This is nonsense. The internet and public having misconceptions about something doesn’t mean we don’t understand it.
[1] https://www.investopedia.com/what-is-postal-banking-5217341