How Banks Really Work - and Why They Fail
Financial Heresy
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The Scaled Up System of the Banks
When you scale it up to the system we have today, banks still operate with the privatized profit model. And as long as they're being conservative, then they'll keep on chugging along. When depositors like tech companies are at risk, the government steps in and they socialize the losses. The American people as a whole lose out on the deflation that would have happened otherwise.
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