A Straightforward Overview On Swift Solutions Of Working Capital

Even though the degree of alchemy of the banking system was much less fifty or more years ago than it is today, it is interesting that many of the most distinguished economists of the first half of the twentieth century believed in forcing banks to hold sufficient liquid assets to back 100 percent of their deposits. They recommended ending the system of fractional reserve banking, under which banks create deposits to finance risky lending and so have insufficient safe cash reserves to back their deposits. Like Rothbard, King calls attention to the insights of the nineteenth-century Jacksonian William

...
Posted on Tags