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by salawat 1491 days ago
Modern finance would argue it isn't broken and is working as designed. You're running perilously close to an Austrian school of thinking about currency for daring to suggest that everyone should in theory be able to get their money out at the same time!

Think of all the businesses you'd hamstring! All of the exec bonuses that wouldn't happen! Think of the traders, and speculators!

...I'll admit I do, and the ensuing chaos and having to come to terms and actually having to adjust the the economic vote of no confidence is a favorite pass time of mine.

1 comments

> You're running perilously close to an Austrian school of thinking about currency for daring to suggest that everyone should in theory be able to get their money out at the same time!

With the amount of financial stimulus that governments have done in the last two years, in the event of a bank run there are possibly finance ministers who would simply print the required money and drop it from helicopters on the mobs waiting outside the banks.