The Importance of Consequences in Lending

I'm not going to get hardcore libertarian here on you by any sort, it's, fractional reserve banking has a lot of advantages. But the very nature of the model is that they're taking that and they're investing it. I think for a big part of my money, I would have, there was a trusted institution that was really good at lending out money because lending out money can be a wonderful business if you're smart about it. So we want lending and bankers who aren't idiots in some ways? In that environment, that's what fixes the problem. You still get people like Scott Phillips walking into his local branch with the best idea ever and he's got a good base