What's your opinion on fractional reserve banking, in general? How much does the fractional reserve aspect matter?
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... Money is the socio-economic reality principle, so allowing people to print it at their discretion is an obvious road to psychosis.
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Is that a flaw in FR banking as a paradigm, or in the economic agents who stupidly use banks as if they were safe deposit boxes? It's not remotely a secret that banks play with deposits and aren't just keeping your money safe - it's just not understood.
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We just hope the govt pays the difference in the end
End of conversation
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