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While informative I think that this article is somewhat misleading as it omits any discussion that the reserves described are, in fact, fractional reserves.
by dunk010 9y ago
While informative I think that this article is somewhat misleading as it omits any discussion that the reserves described are, in fact, fractional reserves.
- spiralx 9y agoWell no, because the whole point of the article is that fractional reserve banking doesn't actually exist and that there is no money multiplier.