Money & Economics

Frackin’ Reserve – Summary & Additional Resources (6/6)

Frackin’ Reserve – Summary & Additional Resources (6/6)

This series of articles on fractional reserve banking started with an introduction to the mechanics of fractional reserve banking. The important points  were: The simple nature of the mathematics and the factors involved The iterative nature of the process as a continuing cycle The process has mathematical limits, except in Canada, Australia, New Zealand, and […]

Frackin’ Reserve – “How” Fractional Reserve Banking Creates Money and “Why” it is Fraudulent (3/6)

Frackin’ Reserve – “How” Fractional Reserve Banking Creates Money and “Why” it is Fraudulent (3/6)

When plunder becomes a way of life for a group of men living together in society, they create for themselves in the course of time a legal system that authorizes it and a moral code that glorifies it. — Frederic Bastiat In Part 1 we looked at the mechanics of fractional reserve banking and the […]

Frackin’ Reserve! A Fractional Reserve Banking Simulator

Frackin’ Reserve! A Fractional Reserve Banking Simulator

To help explain what the effects of fractional reserve banking are, and to illustrate just how evil it is, I’ve written a simple program that lets you simulate fractional reserve banking and the effects of compound interest. The Frackin’ Reserve! program simulates what happens in fractional reserve banking, and lets you change the parameters for […]

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