Professor of Economics, Author, Radio Host, Speaker

Richard D. Wolff

Federal and Fractional Reserve Banking

Steve Cooper
posted by | 123pt
December 30, 2016

It seems to me that the current fractional reserve banking system facilitates transfers from poor to rich. Is this right? Do you believe there are preferable alternatives? Thanks.

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  • Steve Cooper
    published this page in Ask Prof. Wolff 2016-12-30 11:20:57 -0500
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Richard D. Wolff is Professor of Economics Emeritus at UMass Amherst and a visiting Professor in the Graduate Program in International Affairs of the New School University in New York. Richard Wolff is also a co-founder and active contributor of his non-profit: Democracy at Work

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