Fractional reserve banking demonstrates the worthlessness of fiat currencies
Most currencies are fractional reserve currencies... not full reserve currencies.
The banks are subsidised by the government. Banks are subsidised because they are a vital part of the infrastructure.
John Locke, Second Treatise of Government: "No body could think himself injured by the drinking of another man, though he took a good draught, who had a whole river of the same water left him to quench his thirst."
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