Fractional Reserve Quotes

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Fractional Reserve Quotes

Fractional reserve banks are sitting ducks and are always subject to contraction. When the banks state of inherent bankruptcy is discovered, for example, people will tend to cash in their deposits, and the contractionary, deflationary pressure could be severe.
— Murray Rothbard —

Having examined the nature of fractional reserve and of central banking, and having seen how the questionable blessings of Central Banking were fastened upon America, it is time to see precisely how the Fed, as presently constituted, carries out its systemic inflation and its control of the American monetary system.

— Murray Rothbard

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