Here is an interview with Doug French on fractional reserves on RadioFreeMarket.
Source link: http://archive.mises.org/11632/doug-french-on-radio-freemarket/
Doug French on Radio FreeMarket
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I was at the credit union last week when a man came in and attempted to cash out his savings account. He was told no because that would have put them too close to the minimum reserve requirement and they’d be afraid if another big withdrawal were requested.
Why don’t I have the legal privilege to insist on my weekly paycheck in advance then refuse to perform the promised labor because I didn’t set aside enough time to work and am afraid something else might come up?
End the Fed!
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