By: XTOL on Mercoledì 18 Febbraio 2015 00:06
"La riserva frazionaria è qualcosa di cui,francamente ,non capisco perché si debba ancora parlare"
Hobi, qualcuno ne parla... sarà tutta aria fritta?
Un consiglio ai somarelli (non mi riferisco a Hobi) che hanno "dottamente" argomentato:
"L'unico modo per non far conoscere agli altri i propri limiti è non oltrepassarli mai" (G Leopardi)
Milton Friedman: “There is no technical problem in achieving a transition from our present system to 100% reserves easily, fairly speedily and without any serious repercussions on financial or economic markets.”
As for the idea that full reserve banking is an idea advocated by a few cranks, this is far from the case:
1. Milton Friedman (p.247) advocated full reserve, and specifically for the above reason: to bring better stability.
2. Another high powered opponent of fractional reserve is Mike Shedlock.
3. And third, there is William Hummel.
In the wake of the 2008 financial crisis, Martin Wolf endorsed full reserve banking, saying "it would bring huge advantages".
John H. Cochrane also has come out in favor of full reserve banking.
In a response in the New York Times, Paul Krugman said the idea was "certainly worth talking about"
Kotlikoff, Laurence J.; Leamer, Edward (April 23, 2009), "A Banking System We Can Trust
Cochrane, John. "Toward a run - free financial system
In his piece on the subject, Martin Wolf says it will probably take another crisis before something like this is discussed:
"Our financial system is so unstable because the state first allowed it to create almost all the money in the economy and was then forced to insure it when performing that function. This is a giant hole at the heart of our market economies. It could be closed by separating the provision of money, rightly a function of the state, from the provision of finance, a function of the private sector. This will not happen now. But remember the
possibility. When the next crisis comes – and it surely will – we need to be
ready."http://www.businessinsider.com/banning-banks-2014-4?IR=T
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The Chicago Plan Revisited is an IMF report from 2012 by Jaromir Benes and Michael Kumhof. The focus of the study is the so-called Chicago plan of the 1930s which the authors have updated to fit into today's economy. The basic idea is that banks should be required to have full coverage for money they lend. Under this proposal, banks would no longer be allowed to create new money in the form of credit in connection with their lending activities.
...Like Irving Fisher, who was a leading proponent of the first Chicago Plan, the authors are looking upon four great advantages in state controlled issuance of money compared with the private money creating activity of the banks.
...The most important feature of the new model is that the banks would be obliged to back up deposits 100 percent with credits issued by the government. This means that they would not be allowed to create their own new credits
...In The Telegraph, one of England's major newspapers, Ambrose Evans-Pritchard described the report in positive terms
