Hacker News Reader

Cantillon effect says it's just a matter of how "close to money" you are. So living under a central bank is good, but borrowing directly from one is best.

View on HN

Has anyone created an alternative banking system that is only using central bank money and skips over commercial banks completely?

I swear people have no clue how banking works.

China is on the way to doing exactly this. There are plans for an Indian equivalent but it's less likely to happen

Reply on news.ycombinator.com