Good job we don't have a fractional reserve banking system then isn't it. That story is a complete myth based upon a misunderstanding of the way banks work. If

Good job we don't have a fractional reserve banking system then isn't it. That story is a complete myth based upon a misunderstanding of the way banks work. If you pull money out of one bank it goes into a different bank. The central bank can then easily fix the discrepancy by taking the 'up' from the different bank and supplying it to the original bank that is 'down' - all within the books of the central bank. All we need are central banks prepared to do their job properly and there can be no such things as destructive bank runs - particularly as those central bankers are also the regulators and have therefore agreed that the assets of a bank, and its capital levels, are adequate.