The Problem With Circulation Credit

In a fractional reserve system with circulation credit, what's happening is that bank has given you $100,000 loan. And now you're running around with that $ 100,000 thinking you can access those resources. But on the other side, this other person who believes his money is there also, and he believes he has access to it in his bank account. So from both people's perspectives, it's like they both believe, no, I have, this is a demand deposit. It's not a time deposit. Right? The only difference when you get fractional reserve is that now you've got this random flood of essentially fake notes that are flooding in and competing with the real