RE: Fractional Reserve Lending
October 20, 2016 at 9:00 pm
(This post was last modified: October 20, 2016 at 9:07 pm by The Grand Nudger.)
If that's the way you'd prefer to conceptualize it, I can hardly see how it would make a difference. Why would holding one particular government backed bit of money be better than holding the other? If both are anchored by the same authority, what's the problem? So far all I'm getting is "they make money".. and putting aside that oversimplification, I can't figure out what else you might be trying to get at? FRB's are good at stimulating growth and making the money supply (digital or paper) do work - build real assets. That's what it's better at than a full reserve.
I am the Infantry. I am my country’s strength in war, her deterrent in peace. I am the heart of the fight… wherever, whenever. I carry America’s faith and honor against her enemies. I am the Queen of Battle. I am what my country expects me to be, the best trained Soldier in the world. In the race for victory, I am swift, determined, and courageous, armed with a fierce will to win. Never will I fail my country’s trust. Always I fight on…through the foe, to the objective, to triumph overall. If necessary, I will fight to my death. By my steadfast courage, I have won more than 200 years of freedom. I yield not to weakness, to hunger, to cowardice, to fatigue, to superior odds, For I am mentally tough, physically strong, and morally straight. I forsake not, my country, my mission, my comrades, my sacred duty. I am relentless. I am always there, now and forever. I AM THE INFANTRY! FOLLOW ME!
