Is Fractional Reserve Banking a Fail?

The idea with fractional reserve banking is that rather than using specie, which is physical gold and silver, whether it's minted by a mint or any other currency. The government can print as much money as it needs to in order to make depositors whole. And so the value of those claims is freely floating in the market. So i would actually argue fraction reserve banking doesn't exist any more in the fiance system,. because it failed and it all so if we rewind, we can look at when it did exist.