> > Companies with large amounts of cash keep very little of that in bank accounts, it's in money market funds and other cash-equivalents.
Companies above a certain treshold (and all citizens for that matter) should be able to bank with the Fed, and have peace of mind that the money they deposit there is not being put to work in any way, shape or form.
What developed over the last week is a victory for those who long for CBDCs .
> Companies above a certain treshold (and all citizens for that matter) should be able to bank with the Fed, and have peace of mind that the money they deposit there is not being put to work in any way, shape or form.
Banks being able to lend out money is generally considered a good thing though.
There certainly are alternatives though for depositors that want to have more control in how their money is put to work: money market accounts, short term treasuries, etc
> > Banks being able to lend out money is generally considered a good thing though.
Banks are lending not their own money but depositors.
In a perfect world every citizen , small LLC and startup would be able to issue their own bonds if they need credit for purchases or entrepreneurial efforts
Companies above a certain treshold (and all citizens for that matter) should be able to bank with the Fed, and have peace of mind that the money they deposit there is not being put to work in any way, shape or form.
What developed over the last week is a victory for those who long for CBDCs .