| Bank runs are not possible under Haley2024’s Monetary Policy because the currency is created based on the value of loans; loans are not funded with currency. Money is in a digital account and can be used at will. A bank run of people turning their currency in for the real items of worth in the bank store rooms equally reduce both the assets and issued currency. |  |
 | The number of units of currency always match the value of the portfolio of assets backing the currency. A typical bank run of the 1940s saw people going to the banks to walk out with currency. However, a bank run under Haley2024 would see people running into banks with currency and walking out with gold, corn, real-estate, stocks, bonds, among other items. |
| There might be a problem of highly liquid items running out, and if someone wanted to own a car loan, they could. That car loan is likely contracted to be managed by a reputable car loan business and payable over 48 months. A person might want to own that car loan and get paid monthly; however, they are giving up currency to attain that car loan. The bank’s purpose is to turn anything of worth into usable currency, thus liquid. |  |
