1. Fractional reserve banking causes price inflation.
2. Fractional reserve banking causes wealth redistribution.
3. Fractional reserve banking is the cause of systemic banking panics.
4. Fractional reserve banking is the cause of the business cycle.
“Thus, fractional reserve banking is at one and the same time fraudulent and inflationary…”-Rothbard
“It should be clear that modern fractional reserve banking is a shell game, Ponzi scheme, a fraud in which fake warehouse receipts are issued and circulate as equivalent to the cash supposedly represented by the receipts”–Rothbard
Fractional-reserve banking is responsible for the crises and recessions that repetitively grip the economy