Niall Ferguson's 'The Ascent of Money,' Michael Lewis's 'Panic' - Austin American-Statesman

Niall Ferguson's 'The Ascent of Money,' Michael Lewis's 'Panic' - Austin American-Statesman
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top class=j> Niall Ferguson's 'The Ascent of Money,' Michael Lewis's 'Panic' Austin American-Statesman, TX - 10 hours ago Central banks started to lend out more money than they had in reserve, a practice known as fractional reserve banking. There's a lot of hopping to various ...