Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
The Bank of Japan pioneered this policy of "all money to the banks" that the USA has now adopted.

From the monetary-libertarian frame of view, what else they can do?

Japanese banks charge still a lot for their services. For example, I moved recently to a new apartment and wanted to arrange automatic monthly payments - but the bank is ripping 735 yen for each monthly transaction (i.e., moving a bunch of electrons) between two private accounts!

by das monde on Tue Sep 1st, 2009 at 12:10:22 AM EST
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