Tuesday, March 23, 2010

Link of the week

For anyone who read my post on fractional reserve banking, I think you'll be interested in this guest post by George Washington over at Naked Capitalism titled: "Fraction...Er...Fictional Reserve Banking."

Money quote:
But whatever you think about fractional reserve banking, whether or not you agree with its critics, the truth is that we no longer have it.

The whole post is completely fascinating.

No comments: