Replying to Avatar Marty Bent

Does the fact that many in the banking sector are unaware that there are currently no reserve requirements mean there are no reserves in the banking system? No.

It means the industry's intellectual capital is very lazy, which should worry people.

https://tftc.io/martys-bent/issue-1319/

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Gunson 2y ago

I think this is just a classic middle management problem. Fiat incentives to look competent, not be competent. I have no doubt that the demons at the top are fully aware. I probably wouldn't be answering LinkedIn polls if I was busy syphoning off 100s of millions $

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