We continue our study of money and economics by looking at how banking evolved (and how I contend that it devolved in modern times).
We ask and answer these questions to solve the puzzle of money and banking:
We see from history that "full reserve" banking came first, and fractional reserve banking arose from banking misbehavior.
We see the challenges that keep away full reserve banking today, but we propose how it would work and actually be better for the economy.
Like what you hear? Donate to Truthspresso and give a shot of support!