Sentences with phrase «fractional reserve banking leads»
The fact that fractional reserve banking leads to periodic crises suggests the following solution: banks should not be allowed to create new money out of nothing, that is, banks should be subject to the same laws as everyone else.
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That led me to the complete scam of central banking, fiat currency, and the fractional reserve system.
It is true the monetary base spiked during these initial rounds of QE, but the second reason QE didn't lead to hyperinflation is we live under a fractional reserve baking system whereby the money supply is more than just the amount of physical coins, paper money and bank deposits in the system.