General Question

SquirrelEStuff's avatar

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

Asked by SquirrelEStuff (10007points) 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 (12359points)“Great Answer” (1points) Flag as…
kevbo's avatar

@chris6137, I know you know this answer

Failure for whom?

kevbo (25672points)“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)

Answer this question

Login

or

Join

to answer.

This question is in the General Section. Responses must be helpful and on-topic.

Your answer will be saved while you login or join.

Have a question? Ask Fluther!

What do you know more about?
or
Knowledge Networking @ Fluther