This is good but the author makes a common mistake referencing fractional reserve banking. Fractional reserve banking really isn't a thing. Most central banks i

This is good but the author makes a common mistake referencing fractional reserve banking. Fractional reserve banking really isn't a thing. Most central banks in the world don't have reserve requirements. Even in the USA, only a small subset of debt requires reserves. And even then the reserves can be met in 30 days.