The Cobden Centre polled 2,000 people on their attitudes toward their bank deposits, with the hope that the results would shed some light on the fractional-reserve banking issue. The results are mixed and demonstrate that most people are confused.
Source link: http://archive.mises.org/12970/do-depositors-know-where-their-money-is/
Do Depositors Know Where Their Money Is?
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looks like more educational spadework required for the free-bankers.
This seems like a natural extension of this thread
http://blog.mises.org/12957/the-fractional-reserve-banking-question/#comments
I’m not really surprised…I think if people were more aware of how fractional reserve banking actuallu worked, they’d be much more leery of trusting banks with their money
In-cre-dib-le and as-to-nish-ing!
Now, please poll a random group of 2000 people what they know about the details of combustion inside the engines of cars they drive daily. Or a group of 2000 about the aerodynamics governing the flight of aircrafts they use on their vacation flights.
All of *those* 4,000 would know that they are being taken for a ride.
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