Resources to better understand banking and banking systems

Fractional versus full reserve systems and the connection between money and banking.

Fractional Reserve Banking

Weakness of fractional reserve lending

Money Creation in a Fractional Reserve System

Full Reserve Banking

Pros and Cons of Various Banking Systems

Introductory articles

The Chicago Plan: A Program For Monetary Reform


"The great task confronting us today is that of making our American system, which we call “democracy”, work. No one can doubt that it is threatened..."

July 1939 - Irving Fisher, Paul Douglas, et al. 

The Chicago Plan Revisited

IMF Working paper - the Chicago Plan Revisited

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