G Hewitt says:
May 15 2018 at 2:00 pm
I would have thought that a bank’s overheads, (it’s branches – if it has any – employees, overpaid CEO, computer systems and so on) would imply that creating loans has a cost.
Richard Murphy says:
May 15 2018 at 3:15 pm
To manage default risk: yes. I agree.
The only costs banks incur is default risk?
So, this central computing system that all banks will use, provided by government. It’ll cost nothing to use then, will it?