银行挤兑，到期日错配以及由私人银行创造的资金所推动的信贷泡沫等风险依然存在，同时仍然需要存款保险和最后贷款人的支持，而这本身就会产生道德风险。
There would still be a risk of bank runs, maturity mismatches, and credit bubbles fueled by private-bank-created money. And there would still be a need for deposit insurance and lender-of-last-resort support, which itself creates a moral hazard.