"fractional reserve is printing more IOUs than one has in supply"

Which is expansion of the M3 (monetary supply) show me how that happens with a L2 or L3. Or bluntly shut the fuck up.

FWIW YOU CAN'T DO IT BECAUSE IT DOESN'T WORK THAT WAY.

You are a tard. Sorry, not sorry. Your are just talking out of your ass either due to ignorance, willful ignorance or stupidity.

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