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Month: July 2012

Reserve banking

Ron Paul, fractional reserve banking and the myth of the money multiplier

(Photo credit: Wikipedia) There is a saying in the banking industry that for a badly run bank no reserve requirement is strict enough, and then for a well run bank any reserve requirement is positively draconian. Basically, good bankers know how much or how little cash they need, but incompetent bankers always seem to be […]

Posted on July 29, 2012September 30, 2021 Author Patrick M. Salcedo Comment(0)

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