I believe i have been a bit UNFAIR with the concept of Fractional Reserve Banking, and money creation out of nothing ....
I think the initial Paradigm was not being limited by a supply of physical gold or Silver .... It s clear the massive positive momentum for technological innovations and scientific creativity during the last 130 years were clearly related with the Fractional Reserve Banking system.
However, money and "money like" instead to stay a tool, BECAME A GOOD TO TRADE .... and a non tangible good !!!
The concept of OUTSOURCED RESOURCES BANKING, because of my experience in numismatic is closer than THE REAL NATURE OF MONEY ....
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This 1/12 of a stater has been recently included in my LYDIAN NUMISMATIC COLLECTION. The Lydians have created money, This research blog ...
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