The people who the bank would payout, with the 20% fractional that they hold in reserve?
Yea, that’d be the rich people. The rich might lose some money, but the rich are never going to go hungry, not even in this scenario, that’s just not how life works.
The people who the bank would payout, with the 20% fractional that they hold in reserve?
Yea, that’d be the rich people. The rich might lose some money, but the rich are never going to go hungry, not even in this scenario, that’s just not how life works.
Reserve requirements have been 0% for a while now. Banks don’t actually have any money.