Mike from austalia

The Main Problem with the Office of Financial Stability Is Needing It in the First Place

Thank god people like you have helped people like me to understand what economics is about........nothing made sense until i found out about this little know term called "fractional reserve banking"...........i feel enlightened, and so, even though i am still quite small in my understanding, it is a quantum leap above what i had before which for want of a better word was "none".
I hurriedly expalined it to my son "in brief" who is excellent at maths.
I say again thankyou!! yours.........Michael Collato chief researcher and developer of the worlds first Hybrid showering system