Comment: Do you belive it's OK to make it illegal to loan out deposits?

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Do you belive it's OK to make it illegal to loan out deposits?

Even if every time in history anything close to a free market in banking has always been fractional reserve?

History has proven that the consumer would rather get paid interest on their deposits than pay a fee for storage as if it were a warehouse.

Only the most ignorant of the ignorant in the Austrian school think fractional reserve banking is fraud, it's a minority. Rothbard was being dishonest about this.

If we were to make fractional reserve banking illegal, banks would not be meeting the demand for credit whatsoever.

http://www.freebanking.org/2012/07/13/more-dumb-anti-fractio...

http://www.freebanking.org/2012/07/17/banknotes-are-not-and-...

http://www.cato.org/sites/cato.org/files/articles/tir_14_04_...

http://www.youtube.com/watch?v=JeIljifA8Ls&feature=player_de...