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You don't need a federal bank to solve that problem. A simple regulation would suffice requiring private banks to service these customers in some fashion.



True, but then you would get complaints about government mandates.


part of the point is to separate the "is a place to deposit and withdraw your money" portion of banking from the "does financial speculation" portion.


That's the entire purpose of a bank. The point of a bank is that the customers think they're putting their money in a box, but it's actually loaned out to businesses.

If you don't do this, the money supply gets a lot smaller.




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