[BfloGuy]

Good post! Though the reference to fractional-reserve banking having been created in 1913 (as mentioned above) does call the article's credibility into question a bit.

I'm of two minds about 100% reserve banking. I lean towards it, but I can sympathize with the argument that fractional-reserve banking should be permitted as long as there is full disclosure to the customer. Let the market decide.

Actually, a system where both options are available would be ideal. Government guarantees for deposits should end, of course (they just print the FDIC money anyway).

People should realize, too, that full-reserve banking would mean that a bank's customers would pay the bank to hold their money. Come to think of it, that's not so different from what we have now.

[NaturalBornConservative]

"It’s the system America adopted in 1913..." Who said it was "created" in 1913? Not me. The focus is on America and the source of our current economic woes.