3 ms·Is that descriptive or prescriptive? In their theory, what does fractional reserve banking do?by 8note 5y agoIs that descriptive or prescriptive? In their theory, what does fractional reserve banking do?wbsss4412 5y agoMy understanding is that the “money creation” is descriptive in their view. Unfortunately I haven’t gotten all that deep into the theory, so I can’t go much further on how they view fractional reserve banking.kizer 5y agoThank you for that explanation.