The issue of FRB in itself is not bad, giving that unrestricted power to a handful of unelected people is the "BAD" part.
Fractional Reserve Banking increases the amount of dollars in the system without actually printing money, (A.K.A. inflation).
So a handful of people can up the PAR numbers (amount of money a bank can lend in relation to the real assets they have on hand) and no one can really do anything about it. And the underhanded games that can be played by the banking elite and the FED is virtually unlimited and as such there is no real oversight.
You think the Fed is the only institution that can do FRB?
Fractional Reserve Banking increases the amount of dollars in the system without actually printing money
So what is it?
So a handful of people can up the PAR numbers
PAR numbers?
(amount of money a bank can lend in relation to the real assets they have on hand)
Do you mean reserve requirements?