Sep 06, 2016

Here are some references to my main assertion that reserve requirements don't limit a bank's ability to loan, instead capital requirements are the limiting factor.

Another good source from digi_owl: http://www.bankofengland.co.uk/publications/Documents/quarte...

Also this: https://www.newyorkfed.org/medialibrary/media/research/epr/0...

and this: http://www.economonitor.com/lrwray/2013/08/15/banks-dont-len...

and finally this: http://www.forbes.com/sites/francescoppola/2014/01/21/banks-...

Sep 03, 2016

basically yes.

http://www.bankofengland.co.uk/publications/Documents/quarte...

Apr 27, 2016

> No, we are borrowing from each other in the present.

Not according to the Bank of England.

http://www.bankofengland.co.uk/publications/Documents/quarte...

Mar 28, 2016

> The central business problem for retail banks is how to earn more from deposits than they pay in interest, and to do so at a scale of billions of dollars.

Far from it. They are not deposit constrained, no matter how much mainstream economics likes to think so.

http://www.bankofengland.co.uk/publications/Documents/quarte...

See page 2 onwards, "money creation in reality". And note that this is published by the Bank of England.