ALso, as to the increase in money supply based on lending being based on a math phenonemon. It is, just not the one you think. Yes, absolutely, the money supply increases because banks lend out money. But that would be true even with a full 100% reserve. Lending creates money.

Take fractional reserve out of banking, and force banks to lend entirely on capital... do you know what you get? We do have a system like that in the US. 10 Steem to the first one that can figure out what it is.