Yes, rolling up the banking network

Goldman Spots A Huge Problem For The Fed

The implied siegniorage tax is real. This is another case where the Lucas criteria is ignored. Each time the Fed raises the siegniorage tax, another set of retail banking closes down. Also another set of super wealthy need to absorb liquidity as the banking network cannot hold it all with the implied tax.

This has been obvious for ten years. Who is guilty?  About 2/3 of the economists. Who is consistently lying about this? Krugman and Moore both, they are both wrong and both consistently wrong in each direction.  Moore claims Krugman is flat earthing and visa versa.

This is like science gone nutty and tragedy of the commons they call it.