It's much worse than that. If your bank collapses you lose your money. That's why there are deposit protection schemes. So people don't just leave their money under their pillow. And banks can then lend your money to AI startups.
Also currency is becoming useless due to inflation. This is supposed to be controlled by the central bank (which is part of government).
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Also currency is becoming useless due to inflation. This is supposed to be controlled by the central bank (which is part of government).
