Ron Paul: Banks Should Stop Hiding from Free-Market Regulation

by Ron Paul Last week my subcommittee held a hearing on fractional reserve banking and the moral hazard created by government (taxpayer) insured deposits. Fractional reserve banking is the practice by which banks accept deposits but only keep a fraction of those deposits on hand at any time. In practice, …

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Ron Paul’s House Subcommittee to Examine Fractional Reserve Banking

WASHINGTON, DC – Congressman Ron Paul, Chairman of the Domestic Monetary Policy and Technology Subcommittee, announced today that the subcommittee will hold a hearing this week to examine fractional reserve banking. “Fractional reserve banking underpins the entire banking system, yet its effects on society are completely ignored,” Paul stated. “Our …

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