Banking and its effects on the money supply and asset bubbles: Part 1
What is banking at its core?
Dear Reader,
Fractional reserve banking is likely to be one of the least understood yet important drivers of the economy. But, before we can delve into what it is, how it influences the money supply and asset bubbles, we need to first understand what banking fundamentally is.
The banking universe in a nutshell: the first layer.
Imagine I own a building witβ¦