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"As long as everyone doesn't try withdrawing their money all at once, everything will be fine. So don't panic..."
by babyshake 4y ago
"As long as everyone doesn't try withdrawing their money all at once, everything will be fine. So don't panic..."
- jrockway 4y agoIsn't this true of every bank since fractional reserve became legal?
- skeeter2020 4y agoFractional reserves have never been illegal; the practice predates government monetary policy. The alternative would be a vault or safety deposit box.