Is fractional reserve banking fraudulent?

posted by
November 3, 2011
Debbie and Carl
by Debbie Harbeson  
Posted in Commentary

"I am confused in one regard here because it seems to me that in a free banking system, people who did not want to participate in fractional reserve banking could just refuse to use that bank or to trade with others who use that bank. So wouldn’t the problem take care of itself? Or am I missing something here?" (11/02/11)  

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