
SLP422 John Haar Choosing Bitcoin & Austrian Econ over 13 years in TradFi
Stephan Livera Podcast
00:00
Taking in Deposits, but Not Paying Out the People Who Are Trying to Redeem Coins
The idea that bankers should be able to take in deposits, but then not pay out the people who are trying to withdraw is a controversial one. The likes of the free bankers will argue that there was the system evolved in a certain way that allowed this. But I think for me, at least on my reading of the arguments, and I genuinely did try to read both sides, and I just believe that the full reserve side is correct.
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