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Are Fractional Reserve Bank Deposits Money?

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Tags Money and BanksMoney and Banking

07/03/2020Robert Blumen

It is possible to conceive of a world where fractional reserve banking is understood by both banker and depositor and involves no deception or fraud. But in that world, deposits cease to be money and become complex credit securities.

This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros.

Original Article: "Are Fractional Reserve Bank Deposits Money?"

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