[Ramius]

Why would banning credit cards be good?

[danielmryan]

I was just making an analogy, not advocating it. Restoring a gold standard would likely go with more restrictive credit.

My home country, Canada, didn't have a central bank until 1935. There weren't any bank failures of consequence in the early '30s despite there being no deposit insurance. In part, that was because Canada's banks are bigger and fewer, but it was also because they were more prudent. Complaints about "stingy banks" are legion, even now.