Thursday, 3 May 2012

Full reserve banking is not banking

Fractional reserve banking is banking there is no other kind of banking. Banks do not engage in full reserve banking.

The only kind of banking is fractional reserve banking... all other kinds of banking are a type of storage. An institution which practices full reserve banking is not a bank it is a safe... or a warehouse.
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3 comments:

  1. Mickanomics3 May 2012 at 17:45

    You are so wrong...

    http://www.fullreservebanking.com/def.htm

    ReplyDelete
  2. Geolibertarian3 May 2012 at 20:26

    I wasn’t being disparaging of full reserve banking... quite the reverse. To win the argument we need to build the language at the moment it is stacked against us.

    ReplyDelete
  3. Anonymous3 May 2012 at 22:06

    Did you read the link? Full reserve banking IS banking.

    ReplyDelete

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