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originally posted by: ClovenSky
Doesn't North Dakota have a state bank that operates close to this. I wonder how that is faring?
If you could make this a non profit, zero sum game then YEA. If this could be provided to the people without the governments, even it is just state, from being able to create money out of thin air to supply their own pet projects, this would be a huge success. The moment the government can extract funds from this structure, it is all over and will shortly resemble what we have currently.
Banking, in general, is already obsolete