JustAManOnAToilet@lemmy.world to News@lemmy.world · 2 years agoJPMorgan CEO Jamie Dimon warns the world isn't ready for 7% interest ratewww.cnn.comexternal-linkmessage-square18linkfedilinkarrow-up169arrow-down113
arrow-up156arrow-down1external-linkJPMorgan CEO Jamie Dimon warns the world isn't ready for 7% interest ratewww.cnn.comJustAManOnAToilet@lemmy.world to News@lemmy.world · 2 years agomessage-square18linkfedilink
minus-squareFuglyDuck@lemmy.worldlinkfedilinkEnglisharrow-up8arrow-down5·2 years 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-squareNot_Alec_Baldwin@lemmy.worldlinkfedilinkarrow-up1arrow-down1·2 years 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?