TIL some people really love fractional reserve banking.
I’m actually not saying it should be outright banned - just that the FRB slips should be appropriately named: gambling tokens or lottery tickets.
Discussion
Deposits should be classified as securities, without the special exemption they currently has.
They only love it because they can socialize the losses
It’s the very definition of Stockholm Syndrome. The Milgram Experiment proves that 85% of people do what they are told even if they know it hurts someone else. These same people have fallen in love with their fiat captors.