Comment Comment by ClarityJones Cash is money. Cash is immune to bank runs.If you have $10,000, then you have $10,000.If you deposit $10,000 in a bank, then you have $0 and a promise from a bank that has $1,000 and a promise (from somebody else) for $9,000. parent ClarityJones 3 years ago
If you have $10,000, then you have $10,000.
If you deposit $10,000 in a bank, then you have $0 and a promise from a bank that has $1,000 and a promise (from somebody else) for $9,000.