"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.