I don’t want the government to get into lending because there is a lot of opportunity for corruption or really destructive populist policies. I think regular banks should do that, that’s what they’re supposed to be for, they take your deposit and lend it out so you get a nice little return.

What I’m proposing is less like a full service bank and more like a lockbox or mattress where you can stuff dollars for later. You wouldn’t get interest (or if you did it would be tiny) in this system, because the money would not be lent or otherwise put to work like it is in normal banking