fractional reserve banking

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    Fractional Reserve Banking And Fiat Money Questions

    I've been reading a lot about the Fed. "The Creature from Jekyll Island" is the most amazing book I've ever read. There is one thing that I am a little confused about. When a bank lends someone 100,000 from someone else's deposits and they consider that loan an asset because it will be paid...
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    Problem: Fiat Money vs. Fractional Reserve Banking

    I have been a big supporter of Ron Paul's plans to challenge the Federal Reserve's control over our nation. I was also big into his call for a dual currency system in which individuals could deal in gold standard-based currency if they so wished. However, I watched the excellent film The Money...
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