[cwsx]

I would be suggesting that if those zoomers ran a business that could die with poor file system management, but that's hardly what we're talking about is it?

I am suggesting that business owners with substantial cash holdings should be well aware of fractional reserve banking, or at least the notion that money in the bank is not guaranteed.

Do you seriously think any of these companies weren't aware of the $250k insurance limit?

I'm genuinely curious what you mean, as your example sounds like a straw man, but I'm hoping there's something I'm missing.

[antibasilisk]

You would be genuinely surprised at the number of people in charge of publicly listed companies, who have absolutely no idea about the existence of fractional reserve banking, or even the fact that money isn't backed by gold anymore.

[jsjohnst]

> even the fact that money isn't backed by gold anymore

Don’t you mean “or even the fact that money was ever backed by gold”? If you knew about gold backing at all, surely you’d know we left the gold standard last century.

[antibasilisk]

That was the intended meaning of my sentence.