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A banking rule requiring some deposits to be held back while the remainder is lent, used here as the student's correction to Jiang's simplified thought experiment.
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A banking rule requiring some deposits to be held back while the remainder is lent, used here as the student's correction to Jiang's simplified thought experiment.
"...So in economics, you learn about the idea of the fractional reserve system. Okay? What's fractional reserve? As you say, you must leave behind..."
"...So in economics, you learn about the idea of the fractional reserve system. Okay? What's fractional reserve? As you say, you must leave behind..."
The first Secret History class begins with Kant and ends with alchemy.
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