The Fed's View of American Banking: No Restraints for the Katzenjammer Kids

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Mr. George pedagogue has a guest post over at Naked Capitalism that makes a few good points worth emphasizing. More Evidence That Banks Create Credit Out of Thin AirFirst, as we every know, banks do create money as credit 'out of thin air' in the current version of fractional jock banking in the US. The FRS exercises some potential restraints on their knowledge to do so in the form of reserve be Sure you bookmark this page. Thanks...
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