Comments on: Irving Fisher, 100% Money, 1935

By: G.F.Courtney

G.F.Courtney — Sat, 31 Dec 2011 23:40:47 +0000

Irving Fisher’s claim that 100% money will not harm the banking industry (as above “the Objections “) seems dubious.
100% money will reduce the banks current lending capacity in the sense they will no longer be allowed to create money i.e. to expand the money supply.
In Australia today (2011) the current money supply is $1,000b
and the annual increase in the money supply has been 10% p.a. for past 20 years (source Australain Bureau of Statistics )
Thus the projected increase (under the present banking system ) is say $100b which will be created by the banks and on which the banks will receice (say) $10b interest .
100% money will prevent the banks from creating money ;and thus deprive banking system of $10b in revenue ,most of which is profit.
In Australia that means the banking system will go from making a profit of $5b p.a. to making a loss of $5b p.a.
This sounds unbelievable even to me.I invite rebuttal

By: Member Of European Parliament Cannot Justify Banks Illegitimate Ability To Create Money | Simon Dixon's Blog

Thu, 18 Aug 2011 07:54:44 +0000

[...] a member of the European parliament to discuss Irving Fisher’s proposals for full reserve banking (Eg. Stop banks from creating money out of thin air) is a rare [...]

By: Laurence Kotlikoff’s “Jimmy Stewart is Dead” » The Cobden Centre

Thu, 29 Jul 2010 15:37:34 +0000

[...] reserve banking here and Steve Baker has specifically examined the 100% reserve banking proposal of Irving Fisher, to which Kotlikoff refers. He notes that the current economic profession considers these ideas [...]

By: An honest money maiden speech » The Cobden Centre

An honest money maiden speech » The Cobden Centre — Wed, 09 Jun 2010 09:01:53 +0000

[...] The banks have the legal privilege of treating depositors’ money as their own. In the words of Irving Fisher, [...]

By: Remove the systemic risk, don’t levy against it » The Cobden Centre

Remove the systemic risk, don’t levy against it » The Cobden Centre — Mon, 25 Jan 2010 13:45:57 +0000

[...] Irving Fisher, 100% Money, 1935 [...]