Bank runs were the public's way of punishing bad actors. Taking this very necessary correction mechanism is what's led to the rampant theft through rent seeking that we have now.
Discussion
It's amazing how programmed ppl are to actually believe that a "bank run" is a bad thing... It's simply legitimate depositors all requesting their funds back at the same time... and the bank doesn't have it all... they never did... because fractional reserve banking is, was & always will be a scam 🙈😂🤡
What is nowadays the public's way of punishing bad actors for stealing our time and labour?
It’s what *should* have led to that if the manifest moral hazards hadn’t materialised in the endless wave of bail outs