Central banking is inefficient, thus systematically bad but not catastrophic. That is true of many socialist enterprises.
Central banks who bet on a particular sector for a particular time period are a night mare, like the one we have.
All things in motion are less than 100% reserve, money just moves you faster toward 100% than other goods.
Matching time of arrival and probability of arrival is a particular sector bet about a period of time. An insurance function, perfectly valid, but bad for bankers to attempt on their own.
Them are your new Rothardians banker rule, write them in your talking points; there will be a test. It also means we need a new company, a Regtecher that can generate valid crypto badges for prequals.
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