Whether that is a problem is a rather semantic issue. This is *property* of our credit based capitalistic system.
Remove this and you are back at medieval levels of inequality, one way or another.
Part of the reason why the fed was established was because there was a run on a significant number of banks roughly every 12 years between the founding of the US and the establishment of the fed.
Not correcting you, just supplementing what you said (it at least seems plausible without looking up the claim)