The problem in my mind is when banks are doing fractional reserve without the explicit understanding and consent of their depositors. This might mean we'll have to get used a world where we pay banks a tiny fee to secure our money, rather than the risk free interest we expect now.
I mostly agree. I think one of the biggest problems with the bank meltdown of 2008 is that no heads rolled, so it's no surprise that there has ultimately been very little behavioral change.
> The problem in my mind is when banks are doing fractional reserve without the explicit understanding and consent of their depositors.
All of them are consenting (FRB is what banks do, they don't make money by simply holding a deposit) but boy is there a lack of understanding on how the modern bank works as a business and it's effect on the money supply.