, 6 tweets, 3 min read Read on Twitter
Far as I know, I’ve demolished all criticisms of full reserve banking. (FR is a system where money creation by private banks is banned.)

1. Criticisms made by Ann Pettifor demolished here:

2. Criticisms made by Malcolm Sawyer and Guiseppe Fontana demolished here:


(Sawyer is a former economics prof at Leeds, UK)

3. Criticisms made by Frances Coppola demolished here:


4. Criticisms made by the UK’s Vickers Commission demolished here:


5. Criticisms made by Steve Keen demolished here:


6. Criticisms made by Paul Krugman demolished here:


7. Criticisms made by Charles Goodhart demolished here:


8. Criticisms made by Charlotte van Dixhoorn, Jan Kregel, Jeremy Warner (assistant editor of the Daily Telegraph), Douglas Diamond and others demolished here:


And the final joke is the bank industry is well on its way to full reserve anyway in that Money Market Mutual Funds in the US have switched to full reserve, plus securitizing mortgages, a phenomenon that has rapidly expanded over the last 30 years equals full reserve.
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