Bitcoin: A Money with Zero Percent Inflation with Robert Breedlove (WiM365)
The "What is Money?" Show
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Fractional Reserve Banking Fraud
This chapter discusses the fraudulent nature of fractional reserve banking, explaining how bank runs can only happen in such operations where there is insufficient assets to meet redemption requests. It compares fractional reserve banking to full reserve banking and highlights the temptation of dishonest operators to print more money or create more liabilities than they have assets.
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