Saifedean Ammous: The Bitcoin Standard
Crypto Voices
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Is Fractional Reserve Banking Legitimate?
Fernando studied australian economic sender his is uh worth of the soto and spain. Over time i for one and fernando as well we've been fairly persuaded by the writings on fractional reserve banking from dr selgin and dr white, he says. He thinks that they make a good case for making the claim it's not inherently fraudulent if you simply don't have a central bank messing up the whole banking system. If people want to engage in fraction reserve banking without having to put guns onto other people's heads then that's perfectly fine by me but I'm quite skeptical of the possibility of fractional reserve Banking emerging in a free market.
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