If something is difficult to understand, even for so-called “experts”, that is a sign of severe dysfunction. All topics can be distilled into simplistic understanding. Once you speak in academic gobble-dee-gook you are done for.
Yes, my guy, I happen to believe that people who know what they're talking about should be listened to. I suspect you won't find this controversial. The world is far too complex for anyone to be sufficiently competent in every field.
> All topics can be distilled into simplistic understanding.
Simply false.
> Once you speak in academic gobble-dee-gook you are done for.
lol.
This would be a good candidate for a Reddit-like 'flair' concept so I wouldn't waste my time responding to someone who doesn't believe in the concept of people who know what they're talking about.
Barely anyone is qualified to assess the quality of a bank. It's difficult even for auditors. It shouldn't be your uncle's responsibility, it should be the responsibility of regulators.
That's really nothing to do with fractional reserve and more of an assessment of the US banking system.