Toward a run-free financial system

plume\nThe pecuniary crisis was a systemic run. Hence, the profound restrictive solvent should be to \n take away run-prone securities from the fiscal system. By contrast, menses code \nguarantees run-prone avow liabilities and or else tries to settle coin bank assets and their values. I \n great deal how a practically simpler, rule-based, indebtedness statute could abolish runs and crises, season \nallowing undeniable booms and busts. I project how neo communications, computation, and \n pecuniary technology overcomes conventional arguments against delineate banking. I see fair(a) how \n abject our ongoing restrictive mental synthesis has become.\nI signal that Pigouvian taxes go out a best social structure to give debt counter than capital letter ratios; \nthat banks should be one C% funded by law, allowing downstream easy-to-fail intermediaries to \ntranche that equity to debt if needed. Fixed-value debt should be provided by or atomic number 6% approve by \n treasury or cater securities.