That's the big thing for me, if you don't have daddy gov bailing the bank out and people know it's not safe, there's a natural limit. People will go for riskier banks if they get more return, and spread around between banks and cash.
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what does "loans become void" mean?
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You could probably contractually mandate certain levels of financial reporting, combined with automatic withdrawals if certain metrics not maintained, without violating NAP-likes. But without fractional reserve, I'm not sure I see the benefit over a safe deposit box.
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same, ditto
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That's a recent development. For centuries banks did fine* keeping their loans. *see history of banking for boom-and-bust details
End of conversation
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The enemy isnt fractional reserves it's centralized control of *money* and *what money is*
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problem isn't fractional reserve banking, problem is humans aren't willing to eat bank runs when it inevitably fails thus there's some crappy bailout or bailin or whatever and the whole bullshit starts again
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