E stands for my questioner; I’m WB below. From: E Sent: Sat 7/9/2016 6:00 PM To: wblock@loyno.edu Subject: FR banking blog entry A is the depositor, B is the Bank, C is the borrower of the money A deposits with B. E: In the LewRockwell.com blog you said: “Both A and C each think they own the deposits, but both also KNOW what is going on.” How can it be both? They either know or don’t know. WB: ever hear of cognitive dissonance? More seriously, I don’t believe in this either. I am only considering it arguendo. E: Don’t these contracts … Continue reading Fractional Reserve Banking Rears Its Ugly Head, Once Again