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True, but that is a general property of fractional reserve banking, not specifically of maturity transformation. There is a lot of ideology around homeownershi
by goatinaboat 7y ago
True, but that is a general property of fractional reserve banking, not specifically of maturity transformation.
There is a lot of ideology around homeownership both for and against, I am on the for side, so when asked about the social value of banking, that’s my go-to answer.
- SilasX 7y ago>True, but that is a general property of fractional reserve banking, not specifically of maturity transformation. But maturity transformation requires FRB.
- goatinaboat 7y agoNot if you start with enough capital. But it is drastically more efficient with FRB.