Yes, I agree with all of this. But you’re still not going to have a bank with zero capital. We don’t have infinitely leveraged banks, for good reason :) I’m s

Yes, I agree with all of this. But you’re still not going to have a bank with zero capital. We don’t have infinitely leveraged banks, for good reason :) I’m still missing how this negates the money multiplier though. If banks are subject to reserve requirements, doesn’t the money multiplier still give a reasonable upper bound for the amount of money that can be created?