4 ms·
I mean a significant portion of the world's money is created by fractional reserve banking.
by WesternWind 5y ago
I mean a significant portion of the world's money is created by fractional reserve banking.
- lottin 5y agoNot just a significant portion, the vast majority of money in circulation is money created by commercial banks, not central banks. For example, in 2007, Euros issued by the ECB accounted for less than 15% of the supply of Euros (M1): https://en.wikipedia.org/wiki/Fractional-reserve_banking#/media/File:Euro_money_supply_Sept_1998_-_Oct_2007.jpg https://en.wikipedia.org/wiki/Fractional-reserve_banking#/me...