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RE: The Mathematics of Fractional Reserve Banking

in #mathematics10 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)...

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