That may be but there’s no possibility in my mind where everyone is in charge of safekeeping their money. Not by a long shot.
Discussion
I think he refers to having the mindset of everyone being their own bank.
When sufficient numbers of people are their own bank, there are no fractional reserve banking customers, and hence that type of banking is outcompeted.
If the mindset that everyone should be their own bank makes sense to enough people, it won't matter that some percentages don't appreciate the point.