I think our current banking system is horrid. Many of the largest banks wildly mishandle money, and the loan system used essentially generates money that can never be repaid. It's more complex than that, but it's what it comes down to. I think banking should be a public service, and ran out of post offices. That way, everyone could have free access to financial services. I also think the government should be able to do interest free loans for citizens. They create the money anyways, and have the legal right to garnish wages, so it's not like they need to worry about getting repaid.

So, in general, I think banks are obsolete and harmful. At least the big ones. Smaller, responsibly ran banks and credit unions are alright. But very few are non-profit, and that bothers me. Just like for profit hospitals.

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