A Radical Way To Make Banking Safer: Get Rid Of Banks Entirely
By: Jacob Goldstein
June 10, 2014
Banks lend our money out, and that money can be lost if the bank collapses. One radical solution to this problem is to get rid of the banks. Peer-to-peer lending outfits offer a preview of what a world might look like without banks. The lending outfits match potential borrowers and lenders, cutting banks out of the process entirely.
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