Thursday Or should that be: Fractional Reserve Debunking? I first put up this article in January of this year. Utter nonsense about the dangers of FRB are still being published so I'm putting it up again. Fractional reserve banking (FRB) has received much coverage over a long period, yet it remains a contentious area prone to misunderstandings. Probably because it is … [Read more...]
Fractional Reserve Banking
...or should that be 'Fractional Reserve Debunking'? Fractional reserve banking (FRB) has received much coverage over a long period, yet it remains a contentious area prone to misunderstandings. Probably because it is usually presented in overly complex terms. In reality the subject is simple. FRB is when banks do not keep all their deposits on hand. They keep only a fraction … [Read more...]