Season 1 · Episode 93
Is there a case for full reserve banking?
Debunking Economics - the podcast · Steve Keen & Phil Dobbie
March 27, 201839m 25s
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Show Notes
One of our podcast listeners, Arjen, asks the question, “Why don't you recommend a full-reserve banking system instead of fractional reserve? There would be much less debt in such a system and a smaller role for the central banks.” Phil Dobbie puts the question to Prof Steve Keen, and struggles to understand why the text book explanation of fractional reserve banking is wrong, wrong, wrong.
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