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I'm describing what fractional reserve means. Technically that fraction has been set to zero very recently so it is trivial though still not false. This was dis
by JamesianP 4y ago
I'm describing what fractional reserve means. Technically that fraction has been set to zero very recently so it is trivial though still not false. This was discussed a lot elsewhere on this board.
- lupire 4y agoIf that you say is true then banks could lend infinite money to their friends and never collect it.
- imtringued 4y agoWell, except the friend part the money supply has never shrunk so far.