Fractional Reserve Banking Is Legalized Counterfeit

March 24, 2023

With bank failures occurring once again, the topic of “fractional reserve banking” is getting some much needed attention. How do banks work in the current “system”? Is it how banks should work? Banking is a legitimate and valuable service. However, when banks work in collusion with government, it produces nothing but trouble. Business and government must be kept separate. Banking is certainly not an exception.

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The Best of Daniel McAdams

Executive Director of the Ron Paul Institute for Peace and Prosperity and co-Producer/co-Host, Ron Paul Liberty Report. Daniel served as the foreign affairs, civil liberties, and defense/intel policy advisor to U.S. Congressman Ron Paul, MD (R-Texas) from 2001 until Dr. Paul’s retirement at the end of 2012. From 1993-1999 he worked as a journalist based in Budapest, Hungary, and traveled through the former communist bloc as a human rights monitor and election observer.