FDIC creates a moral hazard so that banks will be looser with the saved money than they should be.Maybe, you have to expand your quote a bit.
Unless they put their money in banks with a high reserve ratio. Those people will be fine, and people would start putting their money there.No need to put words in my mouth.... The FDIC goes bankrupt and the majority of peoples savings will be depleted.
Lol, the era of fiat is what brought about these massive bubbles. High reserve ratio banks are the only banks that can survive the storm of recessions like this. They would be the only ones around after a while people people would only depend on them.A bank with a relatively high reserve ratio was needed in dark ages. Such an institution is unprofitable and unnecessary. They do not meet the needs in the era of fiat.
This economy is not a free market economy. What a terrible example! This economy does suck.What demands of yours are not being met? The people demand higher paying jobs! This economy does suck