frb

Here is Block's argument ( "frb" means fractional reserve banking):

LewRockwell.com 2008

Cc: Tom dot Woodward at cbo dot gov, Margaret dot DeBoer at frb dot gov, OIGHotline at frb dot gov

Wonk Room » Geithner Bank Plan Emerges, Confirms ‘Zombie Ideas Have Won’ 2009

I'm getting ready to write a paper on this, and I need to explain how these were caused by the ABCT, which involves me to write more about the government involvement as well as the FRB, rather than just saying "Oh, frb did it".

Mises Dailies 2009

Information: 212-720-6130, e-mail frbnytours@ ny. frb.org or see newyorkfed. org / aboutthefed / ny_tours. html.

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But it is not merely, that in the case of frb, "the probability of nonperformance is greater than zero," as in the case of pretty much ALL commercial agreements.

LewRockwell.com 2008

If you admit that either or both are improper in a libertarian legal regime, then you can no longer support fractional reserve banking (frb) on the ground that it constitutes a voluntary contract.

LewRockwell.com 2008

But, it is not a LOGICAL CONTRADICTION to suppose I am unable to do so, as in the case of frb.

LewRockwell.com 2008

Under a frb system with demand deposits, this is precisely what happens (your numerical example, above concerns time deposits, or a lottery ticket, so is irrelevant to the point under discussion).

LewRockwell.com 2008

The distinction between frb failure and ordinary business failure rests on the difference between a logical impossibility and a contingent failure, which need not have happened.

LewRockwell.com 2008

Yet, in the case of frb, there are two people, A and C, each with rights to money of 19 units, and the bank, B, cannot possibly satisfy both.

LewRockwell.com 2008

Astronomers have traced the origin of a fast radio burst (FRB) to the edge of an ancient galaxy — suggesting that these mysterious, millisecond-long flashes of energy are even weirder than previously thought.

Strange flashes from ancient galaxy deepen mystery of fast radio bursts Elizabeth Gibney 2025