The Volokh Conspiracy - More on fractional reserve banking.

The Volokh Conspiracy - More on fractional reserve banking.
Walter Block posts a response to my earlier post. He still says that borrowing money from a depositor is like selling a “square circle”: it is a “logical contradiction

FRACTIONAL RESERVE BANKING SYSTEM
FRACTIONAL RESERVE BANKING SYSTEM. Fractional Reserve Banking System: A system in which depository institutions hold reserves that are less than the amount of total deposits.

The Volokh Conspiracy - Is fractional reserve banking fraudulent?
I ran across this odd debate between Bryan Caplan and Walter Block. Here is Block’s argument (“frb” means fractional reserve banking): Consider this:

Fractional Reserve Banking Is Indeed Fraudulent by Laura Davidson
In response to Walter Block's online discussion with Bryan Caplan regarding fractional reserve banking (FRB), Eric