[DobryMorozov]

So who would be making consumer and commercial loans under this model?

[Qworg]

In these proposals (which with the new CBDC furor going on are more common again), it would look a lot like China. The central bank would pick the "Agriculture Bank" or the "Industrial Bank", and hand over a set of deposits to enable loans. Hardly a model for success.

[andylynch]

We used to have these in New Zealand but they didn’t succeed long term. Another model which does if well run is banking coops eg the Dutch Rabobank