You are viewing a single comment's thread from:

RE: The Mathematics of Fractional Reserve Banking

in #mathematics8 years ago (edited)

No, i mistake your statement that the banking industry is crooked as an indictment of the banking industry.

You have made no observation of fact. You created a hypothetical scenario where the money supply is multiplied by FR banking that was based on a misunderstanding of how banks lend money to consumers, businesses and oneanother.

And there's no talking you out of it, because you think accounting is a scam.

Its really a shame that posts like this end up on the front page (and will be pinned there for weeks now)...