Social Democracy for the 21st Century: A Post Keynesian Perspective Thu 2010-07-22 16:00 EDT

Fractional Reserve Banking: An Evil?

Lord Keynes

Hostility to fractional reserve banking is ubiquitous. The Austrians hate it and regard it as a type of fraud. There are even a good many people on the left who despise fractional reserve banking as an evil institution. However, a careful look at fractional reserve banking suggests that it is not necessarily a problem with modern fiat money, a well-regulated financial system, deposit insurance and a central bank ready as the lender of last resort. Fractional reserve banking without these safeguards can be extremely destabilizing and has often led to disastrous bank collapses and depressions...

21st century; evil; fractional reserve banking; Post Keynesian Perspective; social democracy.

Tue 2009-04-21 00:00 EDT

Reserve Banking - The Market Ticker

defending fractional reserve banking

Market Ticker; Reserve banks.

Fri 2009-01-16 00:00 EST

The Wall Street Ponzi Scheme called Fractional Reserve Banking

The Wall Street Ponzi Scheme called Fractional Reserve Banking, by Ellen Brown

Wall Street Ponzi Scheme Called Fractional Reserve Banking.