> A bonus would be how fractional reserve banks work Why? Fractional banking hasn't been a thing for decades. Tobin called re-loaning deposits the "Old View" i

> A bonus would be how fractional reserve banks work Why? Fractional banking hasn't been a thing for decades. Tobin called re-loaning deposits the "Old View" in 1963: * https://cowles.yale.edu/sites/default/files/files/pub/d01/d0159.pdf https://cowles.yale.edu/sites/default/files/files/pub/d01/d0... Some countries haven't had reserve requirements for over thirty years: * https://en.wikipedia.org/wiki/Reserve_requirement#Canada https://en.wikipedia.org/wiki/Reserve_requirement#Canada Roche has a good paper on the modern monetary system: * https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1905625 https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1905625 See also the Bank of England: * https://www.bankofengland.co.uk/quarterly-bulletin/2014/q1/money-creation-in-the-modern-economy https://www.bankofengland.co.uk/quarterly-bulletin/2014/q1/m...