[nabla9]

I challenge the relevance of your point of view. Always bringing up federal reserve banking is not relevant.

World has changed and narrow money under fractional reserve is less relevant today. Crypto or gold coin can't change the system when the system does not run on narrow money. That's why federal banks have less control today than ever before.

Capital ratio requirements limit banking more than reserve requirements. Do you agree or disagree?

Swiss people had a change to quit fractional reserve banking few months ago using popular vote. When the facts were presented, many people were surprised to learn that only 20% of the money assets in Swiss banks were under fractional reserve banking system and only thing abandoning it would do is that normal people would have to have to keep more cash in their account. Massive financial industry in Switzerland is not running on narrow money.

Financial crises don't start with narrow money. There are more and more assets that are almost as liquid as money under normal circumstances[1] but they are not money. Within just few hours you can turn them into cash [1].

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[1]: Normally very money-like liquid assets separate from broad and narrow only during crisis. Other asset types stop being liquid but central banks provide money so that shops can stack their shelves and people can buy food and gas and not to loot to survive.