tag:blogger.com,1999:blog-8897997766931633186.post2988377678176060565..comments2024-02-14T03:21:37.506-05:00Comments on Monetary Freedom: Fractional Reserve Banking 1Bill Woolseyhttp://www.blogger.com/profile/06330232724290161369noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-8897997766931633186.post-3897219279310027102016-01-11T16:07:47.170-05:002016-01-11T16:07:47.170-05:00We will rarely find peace when it is related to mo...We will rarely find peace when it is related to money, so we need to be okay with accepting the risk, as that’s the factor present in all work. I am never worried about my work, as for trading, I have got 2 of the greatest supporters. Firstly it’s my broker OctaFX that keeps on giving me right updates and then this blog, it is so much more than what I need and makes me completely fearless and stress free, so that also brings positive results.Monjirnoreply@blogger.comtag:blogger.com,1999:blog-8897997766931633186.post-50206941087847899192010-03-16T15:03:26.957-04:002010-03-16T15:03:26.957-04:00For a short time, I accepted the Austrian critique...For a short time, I accepted the Austrian critique of fractional reserve banking, but, given further analysis, it seems quite beautiful.<br /><br />When discussing the multiplier effect of fractional reserve banking on the money supply, few critics seem to appreciate that it occurs <i>over time</i>.<br /><br />There is a temporal integrity to the spending that ensures that "savings" (i.e. money not currently being spent) are continually redeploying resources to the production of future goods and services.Lee Kellyhttp://www.criticalrationalism.netnoreply@blogger.com