What you may think is electronic money in your bank account, is actually an IOU from the bank backed up by a lot of risky assets.
What we are suggesting is that money that is used for payments needs to be risk free.
Ben Dyson – Positive Money
Random syllables of sanity from my subterranean barometric life
What you may think is electronic money in your bank account, is actually an IOU from the bank backed up by a lot of risky assets.
What we are suggesting is that money that is used for payments needs to be risk free.
Ben Dyson – Positive Money