Fractional reserve banking worked out just fine for Iceland didn't it....... lolFlaming_Maniac wrote:
ahahahaha
Did you just say that for shits and giggles or do you believe it? Because the last time I was in the room when this was explained was when the dumbest girl in school had it explained to her for twenty minutes in middle school.
Paper money facilitates credit bubbles. I suppose more specifically modern banking and associated practices do. I'm no economics major though.
Last edited by CameronPoe (2010-01-11 14:05:10)