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Response to Bunnahabhain (Reply #39)

Tue Aug 13, 2013, 05:35 PM

44. In the case of banks, yes. I tried to be pretty specific while keeping it short enough

 

for the 20 second attention span. Private lending falls outside the purview of the commons, but the special license granted to traditional banks to literally create money must carry special responsibility and severe restrictions.

The fee-based model also serves to encourage a more robust model for lending practices.

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LineLineLineReply In the case of banks, yes. I tried to be pretty specific while keeping it short enough
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