Fun fact 🤡🌎:
Full-reserve banks are not allowed by the Fed, because it could suck deposits out from other banks, threaten the whole fractional-reserve fraud, and reduce the Federal Reserve’s ability to control monetary policy.
Discussion
I think it is so fascinating that having fractional reserve system is not of questions.
So basically everyone is so brainwashed that inflation is needed, so you need to be able to do things they do.
And at the end, if it is not working, it is only not doing it in time, and not that the whole system is wrong.
Do you know what is the rule/method this is enforced?
Well, Switzerland tried it at least once...
https://en.wikipedia.org/wiki/2018_Swiss_sovereign-money_initiative
It’s all a really bad joke