While I think ending fractional reserve banking is a very bad idea, I almost hope this movement succeeds so the world can observe what happens. It would be an interesting experiment...unless you are Swiss, that is.

I can´t even imagine how one would unwind a fractional reserve system. Surely Swiss banks would not be expected to call-in all outstanding loans above deposit reserves. So do they just not make any new loans until their loan books fall to 100% by attrition. Nice way to create massive bank failures.

And all these Swiss companies no longer having lines-of-credit, banker acceptances, and other liquidity provisions provided by the banking system?

Thanks, Jason, for all these quirky stories you seem to uncover.