Fractional-reserve banking isn't
I've been thinking. The problem with fractional-reserve banking is that it isn't really banking. It's investment.
Now investment is all well and good, when it's done in a transparent fashion. For example, peer-to-peer lending sites like Lending Club explicitly allow people to make the same kinds of investments that banks make: consumer and ( Read more... )
Now investment is all well and good, when it's done in a transparent fashion. For example, peer-to-peer lending sites like Lending Club explicitly allow people to make the same kinds of investments that banks make: consumer and ( Read more... )
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The setup is on the side of borrowers (because the US government is a borrower). I'm hoping to buy some decent amount of land in the not-too-distant future, preferably with utilities and telecom and road frontage readily available. :)
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