Fed Policy: It's Not Fractional Reserve Banking, It's ZERO Reserve Banking
• https://mishtalk.com, By MishThe above image from Fed Policy Tools.
"This action eliminated reserve requirements for all depository institutions."
The Fed openly encouraged and sought both inflation and speculation. It got what it wanted and then some.
Now the Fed has no idea how to fix the mess it created.
Fictional Reserve Banking
The number of people defending fictional reserve banking caught me by surprise. Here is a Tweet chain worth exploring.
Schools Need Fractional Reserve banking?!
No, I think that access to college education disappears without fractional reserve banking, and I think that about half of our colleges and universities are forced to close. https://t.co/rmwSTbYetb
— Ben Hunt (@EpsilonTheory) March 19, 2023
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