Fed. Wiping out the retail banks

Banks gone since Bernanke:

"In 2018, there were 4,708 FDIC-insured commercial banks in the United States. The FDIC, of Federal Deposit Insurance Corporation, is an agency that insures the banking system in the U.S. The number of such registered banks has been declining since 2002, when it there were over 7,800 FDIC-insured banks in the country. In 2018, there were 4,708 FDIC-insured commercial banks in the United States.

Keynesians are not looking.

Fed operations are essentially a regressive sales tax on banking. A contraction of your banking network is deflation, we got it and real rates on government money are higher than advertised. We are seeing some economists consistently wrong in the same direction.