As George Bailey explained to the frightened citizens of Bedford Falls trying to withdraw their savings in the film It’s a Wonderful Life, “The money’s not here. Your money’s in Joe’s house. And in the Kennedy house, and Mrs. Macklin’s house, and a hundred others.” He might not have known it, but George was describing modern fractional reserve banking used around the world. Read the article………………………..
Related Post
July 13, 2023
Comments are closed.