Limited Purpose Banking-Lawrence Kotlikoff
In this piece Kotlikoff argues that our banking system is always highly exposed to catastrophic failure, as we experienced in 2008. He proposes a financing system entirely based on equity, and offers mutual funds as a model. Fractional reserve banking, which is the current system, would become illegal.
I can't intelligently argue this idea, but IMO Kotlikoff can. He seems quite capable, to me at least.
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams