The End of Banking discusses abstract concepts such as information asymmetries, systemic stability, or money creation. Sure, these concepts are critical for our argument to end banking. But there are also very tangible reasons for a world without banks that are just as important.
In The End of Banking, we describe how a financial system without banking can work. We show how life for both borrowers and lenders will improve, and how it will be better in supporting the real economy with credit. In this short blog post, we want to discuss a key feature of a financial system without banking: the absolute transparency and accountability you have as a saver.