Re: Fractional Reserve Lending IS NOT bad - its unavoidable
On the issue of Fractional reserve banking being a fraud or not, I just want to point out that we individuals would go to jail if we started lending several times money people entrusted to us. But never mind.
Individuals are not banks. There is a special set of regulations that allows banks to do what they do. These do not extend to individuals (unless those individuals decide to open a bank
)