ALB wrote:If Positive Money
ALB wrote:
If Positive Money really think that a bank could operate without outside funding why don't they practise what they preach and start their own bank (suggested name: The Bank of Thin Air). In fact, why has nobody ever done this, not even Ponzi?
This is the big question. I would borrow a million pounds from the "Bank of Thin Air", so suddenly they are "worth" a millon pounds. I might not be able to pay them back but presumably that won't be a problem as far as they are concerned.