Reply To: Can You Please Check My Logic?

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#18306
jmherbener
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American banks had the legal privilege to issue fractional-reserve notes and deposits from the beginning. Perhaps the last prominent example of a 100 percent reserve bank was the Bank of Amsterdam in the 17th and 18th centuries.

http://wiki.mises.org/wiki/Bank_of_Amsterdam

Also, take a look at Guido Huelsmann’s article on fractional-reserve v. 100-percent-reserve banks.

http://www.independent.org/pdf/tir/tir_07_3_hulsmann.pdf