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A comment on JPMorgan Chase Bank Assumes All the Deposits of First Republic Bank. Parent comment
You wouldn't have had a stable fractional banking system prior to the 1930s anyway. So yeah, in a way you're right.
Generally financial systems are much more stable nowadays than they were under the gold standard.
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You wouldn't have had a stable fractional banking system prior to the 1930s anyway. So yeah, in a way you're right.
Generally financial systems are much more stable nowadays than they were under the gold standard.