Matheus on Nostr: Provided there was no possibility of central banks bailing out funds, it would be a ...

Provided there was no possibility of central banks bailing out funds, it would be a free practice where each citizen would be responsible for deciding which institution to deposit their savings in! Free competition of reserve models. But the current model even prohibits narrow banks from operating! Curiously, Tether circumvented the regulations and operates as a narrow bank.