General Question

SquirrelEStuff's avatar

Is fractional reserve banking(our banking system) a total failure ?

Asked by SquirrelEStuff (10012points) February 12th, 2009 from iPhone

Or is it economic slavery?
Ponzi scheme?
How would you describe our banking system and monetary policy?

Observing members: 0 Composing members: 0

4 Answers

fireside's avatar

No.
Sort Of.
Not Really.
Complicated.

fireside (12366points)“Great Answer” (1points) Flag as…
kevbo's avatar

@chris6137, I know you know this answer

Failure for whom?

kevbo (25675points)“Great Answer” (0points) Flag as…
critter1982's avatar

No. But I like Kevbo’s question. To whom?

critter1982 (4120points)“Great Answer” (0points) Flag as…
Response moderated (Spam)

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