@JustAManOnAToilet@lemmy.world to News@lemmy.world • 1 year agoJPMorgan CEO Jamie Dimon warns the world isn't ready for 7% interest ratewww.cnn.comexternal-linkmessage-square19fedilinkarrow-up169arrow-down113
arrow-up156arrow-down1external-linkJPMorgan CEO Jamie Dimon warns the world isn't ready for 7% interest ratewww.cnn.com@JustAManOnAToilet@lemmy.world to News@lemmy.world • 1 year agomessage-square19fedilink
minus-squareFuglyDucklinkfedilinkEnglish3•1 year agoOne obvious solution that’ll never happen is simply getting rid of fractional reserve banking. Make it do they have to have it, to be able to loan it
minus-square@Not_Alec_Baldwin@lemmy.worldlinkfedilink0•1 year agoI don’t like all of the fuckery the banks get up to. But even I’m willing to admit that this is a Pandora’s box situation… I’m not sure we can ever go back. It would be like trying to restore the gold standard. Just… How?
One obvious solution that’ll never happen is simply getting rid of fractional reserve banking.
Make it do they have to have it, to be able to loan it
I don’t like all of the fuckery the banks get up to. But even I’m willing to admit that this is a Pandora’s box situation… I’m not sure we can ever go back.
It would be like trying to restore the gold standard. Just… How?