Onneksi sentään Bank of Englandin pääjohtaja (governor) Mervyn King on samaa mieltä Markku Uusipaavalniemen kanssa:
The key feature of fractional reserve banking is that the lending actvity of banks effectively creates new money, in the form of new bank deposits. As the Bank of England’s 2007 Q3 Quarterly Bulletin states: “When banks make loans, they create additional [bank]deposits for those that have borrowed the money”.
Put another way, the money supply of the real economy depends entirely on the lending decisions of the banking sector.
Mervyn King, the Governor of the Bank of England recently identified these
changes in the money supply as being central to the financial crisis:
"At the heart of this crisis was the expansion and subsequent contraction of the balance sheet of the banking system."Lähde: http://www.positivemoney.org.uk/wp-content/uploads/2010/11/NEF-Southampton-Positive-Money-ICB-Submission.pdf
Lisäys 21.11 2010. Iltalehti julkaisi tällaisen jutun: