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A comment on Joint Statement by the Department of the Treasury, Federal Reserve, and FDIC. Parent comment

Re:Joint Statement by the Department of the Treasury, Federa... by xthrown1 on Monday March 13, 2023 @04:54AM (#35132939)
The majority of people don't need daily bank accounts. The only reason why we are using them is because to dollar notes have not kept up with inflation. A $500 bill from 1900 would be a $17,500 note today. Two of those notes provide more liquidity than the majority of bank accounts in the US.
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Re:Joint Statement by the Department of the Treasury, Federa... by BlueTemplar on Monday March 13, 2023 @07:57PM (#35145107)
Don't underestimate the risk of getting robbed of your savings.
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Re:Joint Statement by the Department of the Treasury, Federa... by xthrown1 on Monday March 13, 2023 @08:35PM (#35145530)
My house has been broken into fewer times than the number of bankruns in the last week.
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Re:Joint Statement by the Department of the Treasury, Federa... by mtrower on Thursday March 16, 2023 @08:53AM (#35181220)
Perhaps in part owing to the fact that people don’t generally keep hefty sums of cash in hand?

Anyway, how are you expecting to transact digitally with your paper notes?

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